January Numbers, Running & Racquets!
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Oldham Group Austin Update
The January Numbers are In!
February 16, 2024
The January Numbers are In!
⬆️ Sales increased by 4% year over year, driven by a decline in mortgage rates in the previous months.
⬇️ Despite a 4% decrease in the median sales price , the total sales dollar volume remained relatively unchanged.
⬆️ New listings also increased, indicating sellers’ response to the improved market conditions. However, the months of inventory remained below healthy levels, suggesting ongoing high demand for homes.
Reported by the Austin Board of Realtors
What We’re Watching
While inflation is still above the Federal Reserve’s 2% target, the figures exceeded expectations, leading to an increase in the 10 year treasury yield. This suggests a potential delay in rate cuts, keeping mortgage rates higher for a longer period. In the coming weeks, we’re watching the January jobs data, the producer price index, and indicators of construction activity, all crucial factors for understanding the evolving housing market.
What We’re Seeing
The Austin market tends to pick up steam after the Super Bowl gaining momentum leading into the spring season. That seems to be holding true in 2024 as showing activity, contracts written and units under contract are all on the rise.
Austin Business Journal
We’re excited to announce that Courtney was nominated for a 2024 Austin Business Journal Residential Real Estate Award. The unveiling of the awards will take place on March 21, 2024 at the JW Marriot. Full ABJ Article
Featured Properties
4503 Lyra Circle
3 BD
2.5 FB
1,736 SF
$450,000
- Under Contract
Introducing a Southeast Austin gem! It boasts of a tasteful brick exterior, a spacious backyard, and a complete remodel. Revel in the allure of the updated kitchen, adorned with sleek subway tile, stainless steel appliances, and new fixtures and lighting throughout. A perfect blend of comfort and style awaits in this meticulously crafted residence located just minutes from downtown Austin.
Listed by: Courtney Oldham, Compass RE
14912 Cabrillo Way
2 BD
2.5 BA
2,304 SF
$615,000
- Sold
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
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
Austin Marathon
Embark on a bucket list experience through Austin’s vibrant neighborhoods and iconic landmarks, finishing at the Texas State Capitol. Feel the energy of cheering crowds and enjoy live music, making this marathon an unforgettable experience.
Vino and Vinyasa
Vino Vinyasa classes bring together vinyasa-based yoga and fun wine facts through creative yoga poses. The hour long educational class will end with a comparative wine tasting of two wines. Guests can toast to a successful class and enjoy 10 percent off a Saturday Brunch entrée until 1:00pm at Ciclo.
ATX Open
Austin’s premier professional tour-level tennis tournament, the ATX Open, is bringing world-class women athletes and tennis action to town. The tournament is one of the first US-based events on the 2024 Hologic WTA Tour calendar.
Tastemaker Awards
Get ready to celebrate the stars of Austin’s restaurants and bars. The annual CultureMap Tastemaker Awards returns this spring, Thursday, April 11, 2024. The signature tasting event will feature special bites from this year’s participating nominees and an array of wine, beer, special cocktails, and more.
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.
