⚡️ The Perfect Real Estate Storm ⚡️

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Perfect Storm

What Created the PERFECT Austin Real Estate Storm?

It’s all true…the stories you’re hearing from friends about outrageous sales prices, multiple offers and buyers coming in from all parts of the country. The lack of inventory, low interest rates, the work from home by-product of Covid and company relocations have created the prefect storm in the Austin real estate market AND it’s not over YET!

MASSIVE NUMBERS MOVING TO ATX


They’re loading the trucks and moving to Texas, and not just from California. It’s Michigan, New York and Illinois too! Covid certainly impacted these moving decisions. Now that people can work from anywhere, we’ve seen an influx of new residents, many from the East and West coasts.
 

COMPANIES ARE COMING TOO!  

More companies are relocating to Austin than anywhere else in Texas. During the pandemic, 154 companies announced plans to relocate or expand here in Austin. With that comes more jobs and the need for more housing. We were already in sellers market prior to the pandemic. 

INCREDIBLE PRICE ESCALATION

The prices are a bit shocking to everyone, even those of us in the business. It’s the new normal to see desirable homes under $1M selling $200+k over list price. In the luxury market homes that sold in the $2M range just a year ago area easily selling close to $5M. In addition buyers have to waive appraisals and other contingencies just to be competitive. 

IT’LL BE THIS WAY FOR A WHILE

It’s simple supply and demand…in the outlying areas builders won’t be able to put enough new construction on the ground to make a dent in the demand side of the equation for at least 2 years. In closer in locations, land is hard to find and expensive.  For the foreseeable future, there will continue to be upward pressure on price. If there’s ever been a better times to sell, I haven’t seen it! 
Featured Listings

🌟 COMING SOON 🌟

9104 Far Gallant 

2.3 acres | 2917 sq ft | 3 bed | 3 bath 

Your little slice of the Texas Hill Country just 15 minutes from downtown Austin. Amazing floor plan, updated gourmet kitchen, remodeled master spa bath and a wonderful outdoor oasis with POOL! This one won’t last long.

OPEN HOUSE SUNDAY 1-3
621 CYPRESS SPRINGS

Howard Ranch | 3417 sq ft. | 4 bed

Gorgeous European contemporary with impeccable details and captivating architecture, highlighted by Spanish castle rubble rock details. High ceilings, cedar wrapped beams, gorgeous market windows and plenty of natural ight define each well-appointed space. Luxurious kitchen with spectacular Sandulus Quartzite and Carino Quartz countertops. Offered at $1.595 M

UNDER CONTRACT
300 BOWIE #3802

1704 sq ft. | 3 bed | 3 bath

Views for days!!!! Come home to comfort and elegance with floor to ceiling windows, a gourmet kitchens, marble spa baths two spacious balconies providing sweeping views from downtown to the Hill Country! Amazing location by Whole Foods, Trader Jo’s, Seaholm, the Library and hike/bike trails. Offered at $1.595 M

UNDER CONTRACT
1607 Ravey Street

1766 sq ft. | 2 bed | 2.5 bath

South Austin chic! This exceptional property is truly one-of-a-kind! It features a a large light-filled study, beautiful gourmet kitchen with a Thermador six- burner professional range that opens to a spacious living area. Hardwood floors, stained concrete, custom lighting, built-in’s. Offered at $650,000 

MULTIPLE OFFERS!

UNDER CONTRACT
908 NUECES #13

907 sq ft. | 2 bed | 1 bath

Expertly designed, single-level plan w/ open living space, large master, separate study/bed. Gourmet kitchen, stainless appliances, modern fixtures & designer selections. Austin’s most vibrant location- exciting home for residents drawn to the city’s lively culture. Celia’s Court is just 4 stories w/ charming courtyard. Offered at $450,000

COMING SOON

East Austin Investment 

This is a 2124 sq ft main house and ADU in the popular Chestnut area of East Austin. .139 acre lot size. The neighborhood is in a fantastic location, with close proximity to downtown, UT, Huston-Tillotson College, as well as the MLK Metro Rail Station. The strong sense of culture, and the walkable location make this neighborhood a truly special place to live! Offered at $600,000

Courtney Oldham | Movings Austin Forward

Courtney Oldham

© Compass 2021 | All Rights Reserved by Compass | Made in NYC

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.

Courtney Oldham  |  Broker/Owner  |  512-809-5495

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Team Oldham Group | Moving Austin Forward | Courtney Oldham