Real Estate News, Cade Graduates 🎓 Holiday Fun

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The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

Real Estate News, Cade Graduates, Holiday Fun

December 15, 2023

The Oldham Group Austin | Courtney Oldham

News from the Market

  • Yesterday, the yield on the 10-year Treasury was over one basis point lower to 3.9148%. It had fallen below the 4% level for the first time since August on Thursday, and retail sales figures came in above expectations, indicating resilience from consumers and prompting hopes that a recession may be avoided. (CNBC)
  • We’re not witnessing a ‘crash’ in home prices in Austin,” Clare Losey, housing economist for the Austin Board of Realtors, says. “Prices are readjusting to current conditions in the broader economy — persistently high inflation, the doubling of mortgage rates over the past year-plus and a decline in consumer confidence.”
  • Those factors have left potential buyers with less purchasing power, Losey said, moderating the demand for home ownership.
  • Average home prices in greater Austin have fallen by more than 10% between July 2022 – it peaked in July of 2022.
  • That drop-off, from roughly $540,000 to $485,000, is the biggest by percentage in the entire country, which has overall seen about a 1% decline during that same period, from $341,000 to $339,000.
  • Analysts a year ago determined the pandemic inflated metro Austin housing prices by nearly 68% above the historic trend line, making the local market at the time the most overpriced it had been in at least three decades. So today’s adjustment is simply that…adjusting to a more normalcy, but still significantly higher than pre-pandemic levels.
Platinum Top 50 Winner!

Platinum Top 50 Winner!

Platinum Top 50 Austin is a real estate industry organization founded on education, philanthropy, and service, that is designed to serve all residential real estate agents in Austin, Texas through expertly executed events, strategic partnerships, and an annual recognition program. Thousands of agent apply each year and an initial 500 make a semi-final cut and that is narrowed down to 50 winners…thanks to our fabulous clients and the non-profit organizations we serve, WE WON! Thank you for the opportunity to help you, your friends and family. #pt50winner

Cade Graduated!

Cade Graduated!

I’ve been writing some version of a real estate newsletter since 2005! This kid has been featured several times from missing his two front teeth to his livestock showing days! I’m happy to announce he graduated from Texas A&M University with a degree in Agricultural Business yesterday. He’s headed back to Austin to pursue a new opportunity with Goosehead Insurance. We couldn’t be happier! Gig ’em Class of ’23!

Featured Properties

214 B Smoke Tree Circle

214 B Smoke Tree Circle

4 BD | 3.5 BA | 3,697 SF | $1,199,000

AVAILABLE

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

800 W. 5th Street #503

2 BD | 2 BA | 3,697 SF | $1,000,000

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

3700 Black Granite Dr

3700 Black Granite Dr

3 BD | 2 BA | 1363 SF | $379,000

UNDER CONTRACT

Immaculately maintained and brilliantly upgraded- over $50k in landscape and exterior upgrades alone, plus smart home and security upgrades! Open concept, single-story floor plan and the backyard, complete with spa, was designed for maximum relaxation!

Buyer Representation by: Courtney Oldham, Compass RE

2316 Sully Creek Drive

2316 Sully Creek Drive

4 BD | 3.5 BA | 2,958 SF | $773,500

UNDER CONTRACT

South Austin has never looked so good! This stunning property in the sought-after Bridges of Bear Creek neighborhood has it all! Gorgeous gourmet kitchen with tons of counter space, fabulous pool, amble outdoor living spaces and a detached studio!

Listed by: Courtney Oldham, Compass RE

8554 Sommery Lane

8554 Sommery Lane

4 BD | 2.5 BA | 2085 SF | $380,000

UNDER CONTRACT

Just 5 miles east of downtown Round Rock, Wellspring is a boutique, gated community of 1 & 2 story homes featuring a resort amenity center, maintained private yards, three distinct finish schemes, and a wide variety of floor plan options.

Buyer Representation by: Courtney Oldham, Compass RE

14912 Cabrillo Way

14912 Cabrillo Way

4 BD | 2.5 FB | 2304 SF | $625,000

NEW PRICE

Impressive brick and limestone one-story home in the sought after Terra Colinas community in Lake Travis ISD. This one is better than new! It has an open floor plan with large living spaces, elegant interiors and stunning details like wide-plank hardwood flooring, designer farmhouse lighting and crown molding. The gourmet kitchen includes stainless appliances, shaker-style cabinetry with modern hardware, quartz countertops, recessed lighting and subway tile backsplash.

Listed by: Courtney Oldham, Compass RE

20751 Farm to Market 969

20751 Farm to Market 969

4 BD | 3 FB | | 2700 SF | $899,000

NEW PRICE

Incredible opportunity for beautiful 4.5 acre farm just 15 minutes from downtown Austin and 5 minutes from Tesla!! Gorgeous 2700 SF main house was carefully updated in 2023 – new roof, extensive kitchen and bathroom remodels including new cabinetry, quartz countertops, undermounted sink, gooseneck faucet, and appliances. The whole house was painted and the upstairs vintage reclaimed wood flooring was buffed, polished, and new luxury vinyl plank installed downstairs.

Listed by: Courtney Oldham, Compass RE

Coming Soon

SUNSET CANYON
4 Bed, 2.5 bath in Sunset Canyon South. Acreage, pool and view.

TRAVIS COUNTRY LEASE
NOW AVAILABLE
Furnished lease in Travis Country $5000/MO listing details

STEINER RANCH
4 BD, 2.5 BA killer deck with greenbelt views


Call Courtney at 512-809-5495 for details on these new opportunities

What's Happening

Trail of Lights

Get ready to soak up the holiday spirit at Austin’s Trail of Lights – where 2 million lights transform the night, 96 trees throw on their festive glow, and 70 displays add a sprinkle of magic. And yes, there’s Santa for selfies and tasty bites from local food trucks.

Peppermint Parkway

Peppermint Parkway is back at Circuit of the Americas through December 30th! Experience a drive-thru holiday spectacular with a mile of holiday displays, millions of lights, dancing characters and a holiday plaza full of food, rides, activities and more.

Armadillo Bazaar

The Armadillo Christmas Bazaar is a vibrant and immersive fine art and music festival that has stood the test of time as Austin’s premier destination for high quality art, live music, and artisan gifts for the holiday season.

December 15-23, 2023
11am-9:30pm Daily

Nutcracker

From the twinkling lights, whirling snowflakes, and sparkling beauty of the exquisite sets and costumes comes the heart-warming story of young Clara and her nutcracker. Bringing the magic of the holiday season, the 61st annual production of The Nutcracker remains Austin’s longest-running live production.

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The Oldham Group Austin | Courtney Oldham

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.

Thank you for your interest, we will be in touch shortly!

Team Oldham Group | Moving Austin Forward | Courtney Oldham