The BIG Three Questions & Summer Essentials
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Oldham Group Austin Update
The BIG Three Questions
Markets Stats & Summer Essentials
June 21, 2024
The Big Three Questions
As an Austin real estate agent, I’m often asked three key questions:
1. *What is for sale?*
2. *How much is my home worth?*
3. *How is the market doing?*
I answer these by analyzing current data. Right now, I’m focused on the number of homes experiencing price reductions, inventory levels, and market absorption rates. These indicators give us the best picture of market trends and help to advise clients to timing and pricing strategies.
We further break down this information by different market segments, as the market varies by location and price point. By understanding these nuances, we can provide you with the best insights for making your real estate decisions.
Stay tuned for more updates and don’t hesitate to reach out for personalized advice on navigating the Austin real estate market!
Austin Market Statistics
Exploring the Austin housing market reveals a dynamic landscape shaped by diverse factors. From population growth to economic trends, understanding the latest statistics offers valuable insights for buyers, sellers, and investors alike. Here are the preliminary May numbers from the Austin Board of Realtors.
City of Austin | May 2024
Source: TAustin Board of Realtors, May, Central Texas Housing Report
Want to know more about your specific neighborhood or property, call Courtney for a detailed and complimentary analysis.
Featured Properties
340 Hawthorne Loop
4 BD
3.5 FB
3497 SF
$1,050,000
- Just Listed
Nestled in the esteemed Rim Rock neighborhood in southwest Austin, this custom home epitomizes luxury and comfort. Boasting a beautiful white stone exterior contrasted by a striking black roof and chimney, the property has incredible curb appeal. Inside, the ambiance is set by a moody lounge perfect for intimate gatherings. The updated kitchen, features light cabinets, modern appliances, new hardware, and expansive granite countertops. Designed for multi-generational living, the home offers two master suites, each providing a private retreat. One of the four bedrooms has been transformed into a designer-worthy dressing room, complete with custom cabinetry and ample space to showcase an extensive wardrobe. The estate sized lots has an incredible backyard that’s an entertainer’s paradise, complete with covered patio and a fully equipped bar area.
Listed by: Courtney Oldham, Compass RE
1412 Fairhaven Gateway
4 BD
2.5 FB
2,477 SF
$375,000
- Sold
Welcome to Fairhaven! This fabulous Georgetown community boasts of great amenities including a large pool with splash pad, pickle ball courts, playground, pavilion, walking trails. This gorgeous two-story home has an open-concept kitchen with oversized island, breakfast bar, exceptionally large pantry, granite counters, ample cabinets with crown molding & stainless appliances! Upgrades include vinyl plank flooring throughout the lower level, ceiling fans, blinds, alarm system, security door system and smart WiFi thermostats.
214 B Smoke Tree Circle
4 BD
3.5 BA
3,697 SF
$975,000
- Sold
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
$915,000
- 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
Summer Essentials
Cabana Club
Austin loves summer…so a pool with cocktails seems like a hot bet! Brougth to you by the owners of Progress Coffee ready for a new pool and eatery concept, Cabana Club Austin. It’s set to open soon on East 7th Street. This destination is going to make a splash!
Supergoop!
Supergoop!’s first home wasn’t a store shelf, it was a classroom. Our founder, Holly Thaggard, started the company by getting SPF pumps into schools to better protect our youth in a place where play happens every day. Since then, they’ve taken an even bigger step to serve communities with our Ounce By Ounce® sunscreen impact program!
Daybird
Sharing this addition to my makeup bag… new Austin brand is ready to take a prime space in your skincare routine. Tinted sunscreen brand Daybird has been around for a minute, but a recent win at the Naturally Austin 2024 pitch slam means you could start seeing it everywhere soon.
Howler
The sun is about to start cooking. Luckily for you, Howler Brothers has an abundance of sun-fighting shirts to keep you cool, comfortable and sunburn free this summer. Certified UPF protection for your bright day. Block the sun!
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.