Year End Report - Price Record & Shift

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OGA Update 01202023
The Oldham Group Austin | Courtney Oldham
Market Minute

CENTRAL TEXAS HOUSING MARKET SET PRICE RECORDS, SHIFTED TOWARDS BUYERS IN 2022

AUSTIN, TX — In 2022, the median price for a home in the Austin-Round Rock MSA set a new annual record of $503,000, according to the December 2022 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS®. Despite this record, the housing market continued shifting towards buyers as home sales declined 18.3% to 33,547 homes sold last year and inventory increased, with homes on the market for 31 days, 11 days more than in 2021.

How do these statistics translate the buying and selling experience in Austin today?

BUYERS – You will likely find more properties to choose from than over the past two years. You’ll also notice that sellers are more eager to work with you on terms like closing dates, rate buy downs, and repairs.

SELLERS – There is a little more competition out there so yo have to do more to get your property in tip-top shape to attract buyers. In many cases prices aren’t as high as they once were but with limited sales in some areas, the “new values” are still being defined.

These are general trends, each neighborhood is different and has it’s own hyper-local market. If you want to know more about your specific property or buying strategy, give me a call. Courtney 512-809-5495

Featured Properties
3408 Stratford Hills Drive

3408 Stratford Hills Lane

5 BD | 5 FB | 3 HB | 1.23 AC | $5,495,000

Stunning sophistication in Stratford Mountain. This private estate is perfectly positioned on a generous 1.235-acre lot with views of Lake Austin from the spacious second floor balcony. Amazing attention to every detail – exquisite trim work, elegant iron details and resort-like outdoor spaces.

Award-winning Eanes School district just minutes from downtown and Zilker Park.

OPEN HOUSE SUNDAY, JANUARY 22 1-3 PM

Listed by: Courtney Oldham, Compass RE

1609 Hartford Road

1609 Hartford Road

UNDER CONTRACT

3 BD | 3.5 BA | 2,381 SF | $1,395,000

Rare, move-in ready 3/3.5 in 78703 with 2 car garage (including Tesla charger). Lives like a single-family home (Townhome style, corner unit in small 4-unit complex) with very solid construction. Flexible floor plan w/an elevator will appeal to many buyers. 

Buyer Representation: Courtney Oldham, Compass RE

309 Bulian Lane

309 Bulian Lane

5 BD | 5 BA | 4727 SF | .34 AC | $4,999,000

Rare new construction in sought after Westwood. Luxury finishes complement fantastic floorplan featuring perfect spaces for entertaining, tons on natural light, covered patio, game room and so much more. All large bedrooms with attached baths and walk-in closets. Big flat private yard with pool.

Listed by: Mark Jauregui
For Appointments Call Courtney

2005 Tower Drive

2005 Tower Drive

.259 AC LOT | TARRYTOWN | $1,450,00

This is an incredible building opportunity in one of the most desirable neighborhoods in Austin, Tarrytown. It’s located on a walkable street across from Tarrytown Neighborhood Park with convenient access to Mopac. It’s all of lot 53 (.1778 acres) and half of lot 54 (.0814) for a combined .2592 acres. The current duplex structure has an A & B unit to provide rental income while building permitting is in process.

Listed by: Courtney Oldham, Compass RE

11501 Rim Rock Trail

Rim Rock View

UNDER CONTRACT

12.96 AC | Unrestricted | ETJ | $2,300,000

Incredible gentleman’s ranch in a private hill country setting. Mature trees, flat building areas, and gorgeous sunsets! Move into the cute guest house while you design and build your dream home! Bring your own builder. No timeframe to start construction.

Fabulous location just 20 minutes to downtown Austin and near popular Fitzhugh Road attractions like Treaty Oak and Jester King. Convenient to Belterra Village.

Listed by: Courtney Oldham, Compass RE

1708 Aborside Drive

1708 Aborside Drive

UNDER CONTRACT

3 BD | 2 BA | 1708 SF | $415,000

Lovely updates throughout this 2-story home in the desirable Pioneer Hill community. New interior paint, fresh carpet, updated half bath, and new fixtures.

Listed by: Courtney Oldham, Compass RE

2800 Joe DiMaggio Blvd

2800 Joe DiMaggio Blvd

3 BD | 2 BA | 1820 SF | $435,000

*$5,000 Seller Credit with a full price offer! * 1% PREFERRED LENDER CREDIT * Stunning farmhouse in the heart of Round Rock and nestled in a pocket neighborhood close to Old Settlers Park, Dell Diamond, Kalahari, toll roads and more! This gorgeous home feels like a page out of Magnolia Journal with luxurious designer touches.

Listed by: Courtney Oldham, Compass RE

Community Collaboration

The Oldham Group ❤️’s Austin and is committed to giving back to our community. Each month we’ll partner with a local business to increase their exposure and to bring YOU SPECIAL DISCOUNTS! 💰

What's Happening

THE 3M HALF MARATHON
Sunday, January 22nd | 7:30 am

Welcomes new runners and challenges old pros. The downhill to downtown course is a fast and fun race fueled by live music and cheering fans along the 13.1 mile course in the heart of Texas.
Race details HERE.

TRIBEZA’S INTERIOR TOUR
Tribeza’s 8th Annual Interiors Tour is back! 

On Sunday, January 22, join hundreds of design fans for a self-guided, self-paced tour showcasing gorgeous homes across the city from some of Austin’s most talented designers, including:

Amity Worrel & Co., Avery Cox Design, Britt Design, Group CG&S Design-Build, Glynis Wood, Interiors House Mill, Design Kopfer Taylor Interiors. MORE

Osomee x Pravos Omakase Pop-Up
Saturday, January 21st | 5:30 – 8 PM

A 15-course omakase featuring globally sourced nigiri, crudos, and more will be served at Praxis Coffee Roasters’ East Austin location. Drink pairings are included in coursing and provided by Praxis Coffee Roasters. Click here to reserve your spot.

LUNAR NEW YEAR FESTIVAL
Sunday, January 22nd | 11:00 AM 2023  

Lunar New Year Festival Join this event to celebrate the second annual Lunar New Year Festival in East Austin – the Year of the Rabbit. This family- friendly event will feature over 2 dozen vendors of Asian descent, a lion + dragon dance performance and more. More details here.

LE GARAGE SALE 

Since 2001, Austin’s legendary Le Garage Sale has drawn fashion-conscious shoppers to a semi-annual event that pulls the creme de la creme of Austin’s independent boutiques and local labels under one roof where everything is on sale. SHOP

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The Oldham Group Austin | Courtney Oldham
More Resources
AUSTIN AREA MARKET STATS: For those who love a good spreadsheet, here are the latest Austin market stat. Austin Board of Realtors MONTHLY STATISTICS
 
BUYER GUIDE: Find the right place at the right price isn’t an easy task! 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

MORTGAGE: We have trusted mortgage relationships to help you on your home buying journey. Please reach out to Courtney for the best fit for your needs.  

PROPERTY TAX PROTEST: Use a trusted professional, Home Tax Shield to protest your taxesHERE
CONTRACTORS: Courtney has a list of professionals from electricians and plumbers to pool companies and landscape firms. Let us make a connection! Curated by Courtney
Thank you for your Referrals
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