On Trend Luxury, Spring Forecast & Cowboy Mardi Gras
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Oldham Group Austin Update
Luxury Trends, Spring Forecast & Cowboy Mardi Gras
February 2, 2024
What’s the Market Doing?
The Austin residential real estate market has been dynamic, often experiencing robust sales volume and price growth. Factors influencing the market include the city’s rapid population growth, fueled by job opportunities in the tech sector and a vibrant culture. The demand for housing has outpaced supply, contributing to rising prices. Additionally, low-interest rates and a strong economy have played roles in driving activity. However, in 2023 we experienced fluctuations as the fed raised rates and the economic conditions, softened. As we look to spring of 2024, we expect to see the impact of our normal seasonality, which means increased buyer activity and more inventory! Sales volume and prices are likely to increase.
If you’re ready to make a move, reach out to Courtney for a comprehensive sales strategy and/or buying approach.
On Trend in Luxury
1. Private sales in the art world are quite common and this phenomenon is being repeated in the real estate world, especially on the high end where some buyers and sellers like the quiet nature of these transactions that are not as widely known to the public. Want to know more about Austin’s private real estate market? Ask Courtney! She’s part of Austin’s most exclusive off-market networks.
2. More than 1,500 homes priced $10 million and above sold in 2023! Check out the Compass Ultra Luxury Report!
3. Closets in luxury homes are getting bigger and more expensive, as homeowners look to display increasingly extensive, curated fashion collections. Large closets that used to cost around $60,000-80,000, now are costing $200-300,000 as they grow in size and grandeur. A recent $1 million closet was a duplex with an elevator and spray-tan booth… chic! Search #luxurious closets, #celebrity closets or #dream closets for more!
February, the month of love, and guess what? We’re head over heels for our clients! As your favorite real estate enthusiasts, we’ve got a sweet treat for you – a free market analysis! Cupid might be shooting arrows, but we’re aiming for property perfection. Whether you’re cozying up in your current home or dreaming of a new chapter, let us provide you with the latest market report that includes properties in your area which were recently listed or sold.
Cowboy Mardi Gras
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.
© 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.