A trip down Lake Austin with realtor Cord Shiflet is nothing short of jaw-dropping. He’s used to selling high-dollar luxury properties like those on the waterfront. But since March 2020, demand – and what buyers will spend – has shocked even him.

“They could probably get $25 million for it, if they let go of it,” he said of one property.

“March through June, we had 19 buyers that came that were up to $20 million,” he told correspondent Janet Shamlian. “We’ve never seen that before. I lost count after June. And if I had to guess, I would say we had 40 buyers that were $20 to $50 million.”

And everyone, he said, wants to live on the lake.

Laid-back and long known for its food and music scene, the capital of Texas has become one of the fastest-growing cities in the nation. The downtown skyline is a ballet of cranes and new skyscrapers. Tech giants like Google and Apple are expanding their footprint, and Tesla is building a massive…

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