Austin’s Spring Surge: Demand Gaining Strength
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Oldham Group Austin Update
Austin’s Spring Surge
Residential Demand Gaining Strength
April 5, 2024
Spring Market Insights
SquawkBox featured an insightful article by Stephen Cohen this week, shedding light on the challenging task ahead for the Fed to tame inflation down to its 2% target. Despite this economic concern, the Austin residential real estate market stands out with remarkable resilience. Surpassing the record-setting levels of 2019, the market is thriving yet again. Homes priced competitively and in prime condition are not just moving swiftly but often spark bidding wars, illustrating the robust demand in our market. This presents an exciting window of opportunity for prospective buyers to enter the market before prices begin their ascent. With signs of normalization on the horizon, seizing the moment could prove advantageous in securing a property amidst the dynamic landscape.
Our first hand account of the market shows a healthy amount of buyer demand and increasing amount of inventory as we move into Spring. For example, our listing on Sunset Canyon had over 17 showings in one week, quickly went under contract and we’ve had additional interest. Using cues from the market, we’ll help you design the right timing, pricing and make-ready strategy to get the optimal price for your home. Curious about what it would take to get your home sold? Let’s connect!
Featured Properties
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
- Pending
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
$419,000
- New Price
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.
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
214 B Smoke Tree Circle
4 BD
3.5 BA
3,697 SF
$1,150,000
- New Price
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
800 W. 5th Street #503
2 BD
2 BA
1,538 SF
$989,900
- 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
What’s Happening
CMT Awards
The CMT Music Awards come back to Austin for the second year, celebrating the biggest stars in country music, and featuring a variety of performances and tributes to industry legends. This year’s event will be hosted by Kelsea Ballerini.
Eclipse Guide
Austin will experience a total solar eclipse on April 8, 2024, visible from most of the city. Depending on your location in Austin, for a few seconds to minutes the sky will be dark, stars will be visible, and the sun will be covered by the moon so only the corona of gases is visible. It is one of the world’s most rare and wondrous natural phenomena.
Capital 10K
The 47th Annual Statesman Capitol 10K returns to Austin! Join thousands of runners and walkers alike as you blaze a trail through the unique cityscape of Austin by foot. Celebrate at the Finish Line Festival with free massages, food vendors, cocktails, kids’ zone, autograph wall, live music, photo ops, and much more!
Books & Bees
Bee Cave’s 3rd annual Books & Bees festival helps accomplish two missions – sharing literature with kids and adults alike and teaching residents and their kiddos more about bees. The festival will feature activities, entertainment, and readings.
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
© Compass 2024 | 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.
