The Oldham Group brings you Austin news, exciting events, homes for sales and uniquely fun things happening around greater Austin. Feel free to contact us at anytime to be added to our distribution list.
Happy Easter! I hope you’re surrounded by sunshine, flowers, chocolate, and family.
When will the craziness stop? It’s probably the question I get asked the most frequently…and my answer is, “not anytime soon!” Keep reading to see why I believe we’ve just hit the inflection point in Austin’s growth curve and why NOW is the time BUY!
DEFINITION: Hockey stick growth is sudden and extremely rapid growth after a long period of linear growth. The term is often used to describe what happens when a startup business finds its market niche and market conditions are positive.
OPINION: Austin had steady 6-8% residential real estate price appreciation since 2008. In 2021, fueled by massive corporate relocation and star-aligning pandemic conditions, we hit an inflection point and now we’re in for an extended surge in growth.
Here are the biggest factors playing into this extended growth cycle:
The Texas Governor’s Office Recent Project Announcements page highlighted 16 new projects in April alone! They include Meta in Temple, Deere & Co. in Austin, Sovereign Flavors in Kyle, Stream It in Austin, STV in Austin and Go Student in Austin. Austin remains the premier destination for companies to both relocate and expand. These announcements are in addition to Tesla, Meta downtown and other corporate giant moves already announced.
SUPPLY CHAIN DISRUPTION
Austin area home builders are working to put homes on the ground, but this might be might be one of the hardest times to build due to supply chain issues and high costs across the board. These delays extend the time of delivery, making it hard to “catch up” on the supply side of the equation as more people move to Austin each day and additional corporate relocations are announced.
LIMITED INVENTORY & RISING PRICES
In March, inventory in the metro ticked up slightly from February, from 0.4 to 0.5 months, while the median home price reached a historic high of $521,100. The city of Austin shattered its previous median price record, reaching $624,000 in March, up 22% from the prior year. Citywide inventory also sat at 0.5 months, a fraction of a healthy market’s six months.
ADVICE: Double-down on Austin real estate! Real estate values in Austin are just at the BEGINNING of an extended upward trajectory, especially in the urban core. My advice is to seize this opportunity to get into the market and ride an extended wave of appreciation.
GOT EQUITY? Ask me how to leverage the value of your current home without selling! Tap into your equity and free up cash so you can invest!
☎️ Courtney 512-809-5495
Tyndall | Residence #216
1 BD | Study | 865 SF | $550,000
Compass Development Marketing Group
The Compass Development Marketing Group was selected to handle the sales and marketing of the 136 Conrad Residences by Hilton and Intracorp. Construction is scheduled to start in late 2022. Contact Courtney for more details.
Ladera Hill Ranchette
13+ Acres | 2700 SF | Casita | Views
Coming Spring 202 | 631 Tillery
Contact Courtney for availability
Here are 5 Things I’m LOVING ❤️ this week!
Local residents and overnight guests can enjoy an unforgettable Easter brunch from fresh seafood to impressive carving board selections. There will a kid’s buffet and a variety of activities including an egg hunt and photo opportunities with the Easter Bunny! MORE
EASTER AT FRONT YARD BREWING
Sunday, April 17 – 12 PM – 3 PM
Things will be hoppin’ at Frontyard for our Second annual Easter Egg Hunt for kids 12 and under! We’ll have over 5,000 eggs filled with candy and fun prizes as well as a visit from the Easter Bunny. As always, we have the grownups covered with egg-squisite beer and house made cocktails. The Easter Bunny will be taking photos from 12-3 and the kid’s hunt starts at 12:45 so don’t be late! MORE
EASTER AT JEFFREY’S
Sunday, April 17 – 11 AM – 2 PM
Family Style Service with access to all of your favorite Duchman Wines. Adult Tickets include a Four-Course Brunch, a Glass of Red or White Duchman Wine, and access to Coffee and Tea Stations. Kid Tickets include Scrambled Eggs, Toast, Unlimited Juice, and the Optional Add On of Our Easter Egg Hunt. April 17, 2022 10:30 AM – Doors Open 11:00 AM – Brunch Service Begins 1:30 PM – Easter Egg Hunt. TICKETS
Saturday, April 16th, 11 AM
Bring the whole family out to Fareground for an Easter celebration beginning at 11:00AM. They will have an Easter egg hunt, brunch specials, live music, and fun treats for all ages like cotton candy and popcorn. Be sure to keep your eyes peeled for a visit from the Easter Bunny! MORE
🎬 ACTION 📽️
We had a blast featuring the Rosedale neighborhood in our latest episode of the American Dream TV. We highlighted Austin Simply Fit, Tiny Pies, Pinthouse Pizza and Spring Frost Boutique. Central Austin at it’s BEST!
OLDHAM GROUP PRESS:
AUSTIN AREA MARKET STATS: For those who love a good spreadsheet, here are latest Austin market stats broken down by month and zip code. MARKET STATS
ULTRA LUXURY REPORT: Enjoy this complimentary compilation of the most prestigious properties Compass has to offer. LUXURY REPORT
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The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.