Looking Back on ’23 & Here Comes ’24!
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Oldham Group Austin Update
Looking Back on 2023 & Here Comes 2024
January 26, 2024
Looking Back on 2023 &
Here Comes 2024
Here are the highlights of the 2023 Austin residential market:
The pandemic caused extreme buyer behavior, and it appears that 2023 was the year things corrected. As we move into 2024, we’re expecting a more normal year. In Austin that means steady growth. We continue to look to job and population growth as they are the primary drivers of Austin’s real estate market (people need a place to live). Prices corrected last year and we expect to see an increase in both sales volume and price as we head into spring.
What Does this Mean for YOU?
Sellers– It’s GO time! This spring is likely to be the perfect opportunity to list your property. Buyers have been on the sidelines, but are reentering the market. It’s likely that prices already hit bottom and are starting to rebound. Catch the spring momentum!
Buyers– The spring market is just around the corner which means more inventory. Make sure you are pre-qualified and ready to make an offer. I anticipate a healthy amount of buyer activity as we move into February and March. Let’s talk about your next move!
It’s Time to Shop!
Did you know that it’s a good standard practice to shop your homeowners insurance every couple of years? Homeowners insurance is an important policy to have in place because it can give you financial recourse if your home or property is damaged, stolen or destroyed. Even if you shopped around to get the best deal when you first purchased your home, it doesn’t mean your company still offers the best price. Many times you can get a better policy by: 1. Improving your credit 2. Raising your deductible 3. Bundling policies or 4. Improving your safety and security. Want to know more? Click HERE or reach out to Cade Oldham at Goosehead Insurance 512-913-4667.
Featured Properties
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
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
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
3700 Black Granite Dr
3 BD
2 BA
1,363 SF
$379,000
- Sold
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
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
What’s Happening
Giddy Up!
Most of you know that I love supporting the 4-H and FFA kids of Texas through the Austin Syndicate! This dedicated group focuses on helping kids at the Rodeo Austin Youth Auction. We’re holding our first event of the year, Happy Hour at Salt Trader on February 1st. Come join us.
Date Night
Whether you want to impress a dining companion on a first date or celebrate a special anniversary with a partner, these local restaurants will provide an intimate setting and delicious dining experience for your next romantic date night.
Clueless Movie
Friday, January 26th | 9:30 PM
Join Alamo at their special interactive screening, where we’ll say all of our favorite lines together, enjoy their have props, themed drinks, and more! Guests are welcome to dress up as their favorite characters.
Le Garage Sale
Saturday, January 27th | 9:30
This annual event features your favorite boutiques and brands on sale, under one roof. Shoppers can expect 130+ boutiques, brands, and designers to bring their wardrobe staples, athleisure, accessories, home decor, hostess gifts, art, 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.
