Courtney Oldham
- Broker Associate, Oldham Group
- 512.809.5495
- 512.575.3644
- [email protected]
❤️ True Love is hard to find...so is a HOUSE! 🏠
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.
Everyone ❤️'s Austin So Much
Here’s what low inventory and high demand looks like in the Austin market today.
LESS THAN 15% NORMAL INVENTORY
In the past, the Austin area MLS would have somewhere between 9000 and 12,000 homes on the market at any given time. Today that same search yields 1852 homes. If further refined to just the City of Austin it’s drops to a total 443 available homes.
OFF MARKET MANIA
It’s difficult to calculate the percentage of off-market sales, but it’s substantial. This is long been the case in the luxury price point (in an effort to keep market value out of sight). Now off-market sales are happening at all price points…buyers are make great offers when properties are “coming soon” to keep them from ever being listed.
INVESTMENT EXITS
Sellers have to be sure they are ready to make the move. Yes, they will get top dollar for their homes, but they need a clear next step. This a GREAT TIME to sell investment property! Get the best price possible before paying 2022 taxes! We’ve seen several savvy clients make the most of investment exit opportunity.
MULTIPLE OFFERS ON EVERYTHING
All locations and all price points are experiencing multiple offer situations. Buyer competition is fierce, cash is king and sellers dictate almost all terms. This has been the case for quite some time, but it hasn’t let up...prices will continue to rise as buyers have to go significantly over list price to beat the competition.
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Here are 5 Things I’m LOVING ❤️ this week!
BUILD TO RENT COMMUNITIES
COMING TO AUSTIN
The hottest trend in residential real estate is build-to-rent. Developers are planning entire communities for rent, not sale. For example, Banyan Residential will build a 34.4-acre community of 230 single-family rental homes in Pflugerville. Rents will be comparable to those of similarly sized Class A apartments. It will include a pool, fitness center and green space. MORE
I’M DROOLING OVER
EIGHT BEER
Pro Football Hall of Famer Troy Aikman has just launched a low-cal, low-carb beer, EIGHT with headquarters here in Austin! In short, it’s light beer brewed for those who never settle. No Shortcuts. No Excuses. 21+. Available in TX February. #CheersToTheChase
GIVING BACK
RODEO AUSTIN GALA
The Rodeo Austin Gala & Youth Art Auction is one of Austin’s favorite charity events! This Texas-sized fundraiser is sure to be a great time…all to support Rodeo Austin and educational opportunities for Texas kids. Join Rodeo Austin and this year’s entertainer, MIDLAND, as we add some western flair to downtown. MORE
FOREVER AUSTIN
BUTLER HIKE AND BIKE TRAIL
Walking, running or biking the trail at Lady Bird Lake is one of Austin’s most iconic outdoor activities! The Trail Foundation is an non-profit that works to protect, enhance and connect the trail. Right now they are having a FLASH SALE on 4X8 Commemorative Bricks. MORE
LOVE IS IN THE AIR
VALENTINE’S DAY IN AUSTIN
It’s time to celebrate that special someone in your world. Luckily Austin has tons of great romantic restaurants, fun hotel staycations and sweet outdoor scenes…there are a million ways to celebrate LOVE. Need a little inspiration? Here’s a link to our friend Jane Ko’s 7 Date Ideas for Valentine’s Day.
Coming Soon
800 Embassy #216 | Tyndall
864 SF | 1 BD + Study | $475,000
Under Contract
1009 Lonesome Lilly Way
3473 SF | 5 BD | 3.5 BA | $560,000
Under Contract
5160 AW Grimes #202 | Final Unit
Haven at Terravista
3 BD | 2 BA | 1777 SF | $425,000
Under Contract
East Austin | Redevelopment Lot
.3588 Acres | Buyer Representation
NEWSLETTER SIGN UP
MORE RESOURCES
COMPASS CURATED MAGAZINE: Enjoy this complimentary compilation of the most prestigious properties Compass has to offer. JANUARY CURATED
CELEBRITIES ON THE MOVE: Here is the latest in celebrity real estate transactions. CELEB
AUSTIN AREA MARKET STATS: For those who love a good spreadsheet, here are latest Austin market stats broken down by month and zip code. MONTHLY STATS
BUYER GUIDE: It’s not easy buying in a market with rising prices and limited inventory. We can help you through the process. BUYER GUIDE
SELLER GUIDE: How do you make sure you get the most money for your home? From pricing to marketing, we’ll customize a plan to ensure you get the most money for your home. SELLER GUIDE
© 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.
A Few Oldham Group Specialties
The Oldham Group is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
© 2024 The Oldham Group
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