🎬 Plot Twist & Celebrating Dad 🍺

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.

Another Twist in an Incredible Market

The last two years in Austin real estate have afforded us one great plot twist followed by another! First there was the uncertainty of a pandemic followed by a  meteoric rise in pricing and now drastic interest rate hikes by the Fed to curb the nation’s growing concerns over inflation and a recession. Through it all, Austin has been resilient  one of the country’s brightest economic spots boasting of corporate relocations and accelerated job growth. I think Austin will continue to be standout market. Here’s what I think we can expect going forward:

STILL SELLER’S MARKET

There’s no doubt that interest rates will keep some buyers on the sidelines, but generally speaking that will just mean we’ll see more “normal” conditions. Not every home will sell in one weekend. Not every home will sell over-asking price. Sellers will not have all the leverage. BUT make no mistake…this is STILL a deep seller’s market. Buyers will continue to compete for quality homes.

STRONG JOB NUMBERS

Employment numbers influence Wall Street, are predictive of economic health, and impact the real estate market – we track jobs closely. Of course we watch big companies like Dell, Oracle, Meta, Tesla & Google. However that’s just one segment of the jobs being created in Austin – the start up ecosystem is valued at $1.9 Billion! Our venture capital funding rivals any place in world. This is a place where new businesses create jobs and THRIVE!

PRICING AND AFFORDABILITY

We’ve all watched Austin prices skyrocket over the last 24 months, but  we remain more affordable than other markets with high-paying tech jobs and a great quality of life. According to the Norada article, the median sale price for a Bay Area home last month was $1.54 million and Los Angeles County close to $1M. In the City of Austin the median closed sale price May 2022 was $685,000.

DEMAND FOR AUSTIN IS STRONG

Even as the feverish pace of buying slows, the demand for Austin remains VERY strong. According to the numbers published by the Austin Board of Realtors in May, the Median number of days a house was on the market was FIVE and prices were still headed upward. I expect the enthusiasm will slow a bit, but that’s still a lot of buyer demand couple and supply has yet to catch up.
The market is shifting. These changes will impact different price points and geographic areas DIFFERENTLY. Let’s talk about how the shift affects YOUR situation, strategy and goals. 📞 Courtney 512-809-5495

Under Contract

5413 Meg Brauer Way
Village of Western Oaks | 3 BD| 2 BA | 1624 SF

Just Listed

3602 S. 2nd Street
Galindo | 3 BD| 2 BA | 1399 SF | $925,00

NEW PRICE

908 Nueces #28 | Celia’s Court
2 BD | 2 BA | 1249 SF | $775,000

Coming Soon

Custom Home Lots
Southwest Austin | 2.5 to 3 Acres | Unrestricted

Under Contract

2516 Simond Ave #A | Mueller
Buyer Representation | New Construction 

5 Things for Dad 💙 this Week

FATHER’S DAY BRUNCH

THE PEACOCK  

Celebrate Father’s Day downtown at The Peacock Mediterranean Grill and bar.  Savor over flavorsome brunch specials paired with classic cocktails. 

When: June 19, 2022 | 7:00 am – 3:00 
Where: 600 W 2nd Street, Austin, TX 78701 

 
DAD’S EAT FREE
 
The League Kitchen and Tavern One of our favorite Austin restaurants knows how to treat Dad right. They are offering high quality cuts for a high quality dad. 😍 Make plans to visit The League this Sunday, June 19th where Dads Eat Free, featuring our Prime Rib Entrée! RESERVATIONS
 
DALE WATSTON
CONTINENTAL CLUB 
 
Dale Watson is a honky tonk hero and country music maverick. A member of the Austin Music Hall of Fame, he stands alongside Waylon, Willie and George as one of the finest country singers and songwriters from the Lone Star State. Take Dad to see him at the legendary Continental Club. TICKETS
 

FATHER’S DAY SPECIALS
YETI

Here’s you LAST CHANCE to get a FREE gift for Father’s Day. Spend $150 and get a 12 oz Colster can insulator with free shipping. Here are the details and a Father’s Day Gift Guide from YETI. SHOP
GUINNESS CHOCOLATE CAKE
SUGAR MAMA’S BAKESHOP

Dad deserves a sweet treat like the ones they’ve baked at Sugar Mama’s. Try a Dad Box – The #2 includes Cupcakes (Guinness chocolate cake, chocolate whiskey pastry cream filled, Irish cream cream cheese frosting) 2 Bourbon Chocolate Pecan Bars 4 oz bag of Sightseer “Dad Bod” roast coffee beans! ORDER

COMPASS FORTUNE 500

Compass, Inc. (NYSE: COMP), the largest residential real estate brokerage in the United States, debuted on the Fortune 500. Founded in 2012, Compass is among the youngest companies ever to make the Fortune 500.” Compass joining the Fortune 500 so early in our journey was made possible by the tens of thousands of Compass agents and employees who believed that together we can build the future of real estate,” said Compass Chairman, Founder and CEO Robert Reffkin.”

MORE RESOURCES

AUSTIN AREA MARKET STATS: For those who love a good spreadsheet, here are latest Austin market stats broken down by month and zip code. APRIL 2022 MARKET DATA

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

 

Courtney Oldham

© Compass 2022 | 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.

Courtney Oldham  |  Broker/Owner  |  512-809-5495

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Team Oldham Group | Moving Austin Forward | Courtney Oldham