Key Stats to Watch in a Surprising Spring
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Oldham Group Austin Update
Key Stats to Watch in a Surprising Spring
April 19, 2024
Key Stats to Watch in a Surprising Spring Market
I had the privilege of participating in an HousingWire real estate conference this week. At the conference, industry experts and analysts dove into crucial statistics shaping the US Housing market.
As the housing market adjusts post-pandemic, grappling with rising interest rates and a surge in inventory from historically low levels, I wanted to share my insights and projections about how these trends might impact you and your ability to buy and sell in the Austin market.
For an in-depth recap of the conference, including key takeaways and discussions, explore this presentation: Key Stats to Watch
It appears that inventory numbers are growing nationally and locally. That increase along with rising interest rates will put some pressure on prices, downward from an all-time high. Quality homes that are priced well and in premium condition are still garnering significant interest in Austin and going into multiple offers. Curious about what it would take to get your home sold? Let’s connect!
Featured Properties
10902 Medfield Court
5 BD
3.5 FB
3309 SF
$925,000
- New Price
Within the charming Circle C subdivision of southwest Austin, this stately brick home exudes elegance. Positioned on a tranquil cul-de-sac, enveloped by mature trees, it offers a serene retreat. Upon entering, guests are greeted by luxurious travertine stone floors, a testament to the home’s quality craftsmanship. The primary suite boasts cherry wood flooring, providing a warm and inviting ambiance, while secondary bedrooms feature stylish seagrass flooring for added comfort. Don’t miss the exceptional screened in pato.
Listed by: Courtney Oldham, Compass RE
1741 Spyglass Drive, Unit 1-333
1 BD
1 FB
821 SF
$350,000
- Sold
Welcome to your Austin dream! Nestled right off Barton Creek, this 1 bedroom, 1 bath condo boasts a loft space, just minutes from downtown. Step inside to discover a meticulously updated interior featuring sleek wood flooring and a modern kitchen adorned with Corian countertops, under-mounted stainless steel sink, and new appliances. The top-of-the-line custom cabinetry ensures ample storage for all your culinary needs. Embrace the vibrant city life while enjoying unparalleled access to nature with the Barton Creek Trail and Zilker Park at your doorstep.
Listed by: Courtney Oldham, Compass RE
11921 Bittern Hollow
4 BD
2.5 FB
2,695 SF
$575,000
- Sold
Nestled in the Gracywoods neighborhood of North Austin, this charming two-story home epitomizes convenience and style! Step inside to discover a spacious haven boasting 2695 sq. ft. of living space adorned with gleaming wood flooring and gorgeous updates! Entertaining is a breeze with a separate dining and living areas, perfect for hosting intimate gatherings or festive dinners. Enjoy lazy afternoons or al fresco dining on the covered patio overlooking the lush backyard oasis on a large corner lot.
Listed by: Courtney Oldham, Compass RE
800 W. 5th Street #503
2 BD
2 BA
1,538 SF
$915,000
- New Price
This gorgeous Austin City Lofts residence has never been on the market…until now! Here’s your chance to enjoy the classic loft lifestyle and all this premium downtown location offers – walk to award winning restaurants, shop at luxurious galleries & boutiques, explore healthy eating at Whole Foods & Trader Joe’s and jump into the active lifestyle on Shoal Creek Trail & Lady Bird Lake. It’s all outside your doorstep! This gorgeous two bedroom, two bath unit has amazingly high ceilings, polished concrete floors, fabulous floor to ceiling windows and ample natural light.
Listed by: Courtney Oldham, Compass RE
1603, 1621, 1647, 1665 & 1670 Headwaters Blvd
80 x 145
$275,000
- Just Listed
Nestled in the sought-after Headwaters community of Dripping Springs, these 5 builder ready lots are available directly from the developer. The award winning neighborhood offers a unique blend of modern farmhouse architecture, picturesque parks, and an inviting community center boasting a dynamic lifestyle program. With miles of scenic walking trails and breathtaking Hill Country vistas, these lots present an unparalleled opportunity for builders ready to start construction. Catering to a discerning clientele, the homes within this development are anticipated to fall within the price range of $1.2 to $1.3 million. All builders welcome!
1011 Sunset Canyon South
4 BD
2.5 FB
2,952 SF
$900,000
- Sold
Welcome to your hill country oasis in Sunset Canyon, Dripping Springs! This exquisite modern home, built in 2008, showcases timeless Hill Country Craftsman architecture, blending seamlessly with its natural surroundings. Step inside to discover the warmth of rich wood flooring that guides you through the spacious interior with soaring ceilings and abundant natural light. Designed for relaxation and entertainment, the home features captivating porches where you can unwind and soak in the tranquility of the surrounding landscape. As you explore further, you’ll be drawn to the expansive 2.77 acre outdoor area, where a large pool awaits!
1412 Fairhaven Gateway
4 BD
2.5 FB
2,477 SF
$375,000
- Sold
Welcome to Fairhaven! This fabulous Georgetown community boasts of great amenities including a large pool with splash pad, pickle ball courts, playground, pavilion, walking trails. This gorgeous two-story home has an open-concept kitchen with oversized island, breakfast bar, exceptionally large pantry, granite counters, ample cabinets with crown molding & stainless appliances! Upgrades include vinyl plank flooring throughout the lower level, ceiling fans, blinds, alarm system, security door system and smart WiFi thermostats.
214 B Smoke Tree Circle
4 BD
3.5 BA
3,697 SF
$975,000
- Sold
New custom home built by Schwartz Custom Homes in the sought after Hilltop section of the award-winning Headwaters Community. Enjoy a three car garage, fine finishes, generous outdoor living spaces and views for days!! Dripping Springs ISD.
Listed by: Courtney Oldham, Compass RE
What’s Happening
Two Step Inn
Embrace the honky tonk spirit with 35+ artists across four stages, featuring live music from country currents and country classics. Guests can enjoy delicious festival food and drinks as well as camera ready moments, multiple dance floors, plus dedicated artist and festival merchandise areas.
29 Must Eat Tacos!
Tacos are incredible and versatile, offering endless flavor combinations. Discover the 29 best tacos in Austin as prepared by Eater Austin Prepare for a taste sensation!
You Grill Girl!
On the evening of Wednesday, April 25, Franklin Barbeque will host one of the liveliest food events of the year: You Grill, Girl!, a celebration of all things smoked and grilled and cooked over live fire!
Nature Quest
Ready for your family to ditch the screens and reconnect with nature? Parents and kids can engage in joyful nature play activities that awaken the senses and spark inquiry through a series of self-guided mystery box stations. This activity is ideal for families with children ages 4-10 years.
Ready to Make a Move
The first step is EASY! Call or text Courtney.
We’ll set up a time to carefully evaluate all options and put together the BEST plan & timeline for you and your family. We’ve helped thousands of clients navigate buying and selling in Austin over the last 17 years. We’d be honored to help you, your friends and colleagues.
Courtney Oldham
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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.
