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There’s no doubt that Austin’s future is bright, but we’ll face some challenges. Here are a few things to look forward to (a couple might make you cringe a little).
TECHNOLOGY & INNOVATION
It seems fitting to mention Tesla in this newsletter since last night was the Gigafactory Grand Opening. Tesla likes Texas and others are following suit. However, this isn’t entirely new to Austin. In fact, Austin has been a hub for technical innovation for years, earning the moniker Silicon Hills, We expect more innovation to happen here as major companies like Meta, Google, Apple, Oracle and Tesla increase their operations in the area
Having trouble keeping up with all new tower announcements? You’re not alone! The future of Austin definitely includes a changing skyline. The most recent announcements include two projects by Carr Properties, one at 100 Congress and 99 Trinity St., south of Block 16. New residential projects like The Modern, Vesper, Conrad Residences by HIlton and others are on the rise as well.
In the decade ending in 2020 the Austin area saw a 33.7% increase in population. Census Bureau estimates show that Austin remains one of the top destinations for migrating talent. Austin ranked first among the 50 largest U.S. metros based on net migration as a percent of total population in 2019. The 2040 projection…3,624,734
HOME PRICES | AFFORDABILITY
The Austin real estate market has become one of the most active real estate markets in all of the country. This year median homes values jumped to $625,905 which was a 1-Year appreciation rate of 40.4%. Our median home value is expected to rise at least 21.9% in 2022 and those forecasts seem modest when the lack of inventory is factored into the equation.
There aren’t any easy solutions to Austin’s traffic issues, but Project Connect, $7.1 billion transit plan that includes adding two light rails, a commuter rail line, rapid bus service and more is a start. Recently there were meetings with Federal Transit officials about the project and it’s impact. It’s also promising to know innovators in the shipping and trucking automation industries like Ai Fleet and Einride are here in Austin.
Want to discuss Austin’s future and how it impacts your specific real estate situation?
☎️ Courtney 512-809-5495
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.
One Oak | Bouldin | New Condos
1, 2, and 3 BD | Starting 500’s
One Oak is developed by Intracorp and is currently in the selling phase. Please contact Courtney for more details.
Tyndall | Residence #216
1 BD | Study | 865 SF | $550,000
The Modern | Rainey Street
New Highrise Condos
The Modern has been developed by Urbanspace, and is now in the selling stage, please contact Courtney for details on the buying process.
Ladera Hill Ranchette
13+ Acres | 2700 SF | Casita | Views
Here are 5 Things I’m LOVING ❤️ this week!
Participants will take a tour of Lady Bird Johnson Wildflower Center and head for the Hill Country! Admire the colorful fields of blooming wildflowers along the way as before arriving at Duchman Family Winery. Enjoy delicious local wines in the tasting room or grab some wine by the glass/bottle to enjoy outside before heading back to Austin. Reserve your spot by clicking here!
POP UP PICNIC
Saturday, April 9th | 6:30 PM
The annual Pop-Up Picnic at Waterloo Greenway will feature food, music, and sunset views with a wide array of Austinites supporting the same vision for an expansive public park system right in the heart of downtown Austin. All proceeds will benefit Waterloo Greenway Conservancy! Learn more.
KEEP AUSTIN BEAUTIFUL DAY
Saturday, April 9th | 9 AM to 11 AM
It’s just one day away! Join a big group of volunteers in Keeping Austin Beautiful! Register now for an exclusive Keep Austin Beautiful Day tee! Register for our largest cleanup of the year and secure your 2022 Keep Austin Beautiful Day t-shirt today: MORE
MOTOGP RED BULL GRAND PRIX
It happens this weekend at COTA, Austin’s long-standing motorcycle heritage, coupled with COTA’s world-class racing facility, will guarantee audiences an action-packed weekend of world-class two-wheel excitement on track and an exciting off-track schedule. Don’t miss out – purchase your tickets today!
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
This weekend we’ll be shooting our Central Austin Episode of the American Dream TV. We’re featuring the Rosedale neighborhood, Tiny Pies, Austin Simply Fit, Pint House Pizza & more Burnet Road favorites! Check out our media page for other episodes.
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.