Updates Friday April 30, 2021

The FASTEST 2 Minutes in Real Estate!

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.

This Saturday will mark the the 174th running of the Kentucky Derby. The race is known as “The Most Exciting Two Minutes in Sports” or “The Fastest Two Minutes in Sports” because of its approximate duration. Given the SPEED of the Austin Real Estate Market, I thought I’d share some records of our own…

LESS THAN ONE MONTH SUPPLY

We’re setting records! All of the fiery 🔥 red color you’re seeing on the map is an indication of 1 month or less of available inventory. That covers all the way North in Burnet County to South in Hays County — in all corners of the market we’re seeing overwhelming demand and dwindling supply.

MEDIAN SALE PRICE JUMPS

One of the best ways to illustrate the intensity of the market is through a heat map. This tool allows us to see the percentage increase in sales price for each geographic area of our market. In almost all cases, the media sales price is up between 5% and 25% Year to Date over 2020.

NUMBER OF SALES

Another interesting market statistic is the number of sales. In the outlying areas where there demand and supply are more in equilibrium, sales have increased. In some of the most desirable parts of Austin, the number low inventory, a result of low inventory or lack of supply rather than demand.

WHAT DOES IT MEAN?

Current conditions will likely persist into 2022. Low interest rates, new job creation, a high quality of life, relative low-cost of living and the freedom to work from home have record numbers of people relocating to Austin. The influx is creating demand while supply is much tougher to create and will take time.

Just like the derby, the Austin real estate market will be one of “The Most Exciting Markets in the Country” with homes selling in “Less than Two Minutes”!

JUST LISTED | 9104 Gallant Fox

OPEN HOUSE | SATURDAY 2:00 – 6:00 PM

You’ve found your piece of the Texas Hill Country! Welcome home to 2.3 gorgeous acres with an inground pool and spa, covered back patio and even a barn…all within 15 minutes of downtown Austin! Incredible location near coming soon HEB at 290/1826, 5 minutes to Circle C area Starbucks, restaurants, HEB and more. Award winning Austin ISD schools! MORE PICTURES.

COMING SOON | East Austin Investment

Here’s your chance to invest in the Chestnut area of East Austin. This is a .139 acre lot with alley access that is already generating rent of $4K/mo. from three units. Fantastic location, with close proximity to downtown, UT, Huston-Tillotson College, as well as the MLK Metro Rail Station. Offered at $600,000

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

SOLD

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

SOLD OFF MARKET

5524 Bee Cave Rd Office Condo

This gem didn’t even make it to the MLS. It was a fabulous opportunity to own your own office space in a prime location across from the Village at Westlake shopping center – HEB, Taco Deli, Starbucks, Chic-fil-a, Gold’s Gym and more! New wood-look tile flooring, 3 separate office spaces, conference room, reception area, kitchenette and bathroom.

Courtney Oldham

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.

The FASTEST 2 Minutes in Real Estate!

JUST LISTED | 9104 Gallant Fox

Courtney Oldham

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