Summer Selling Season, Just 'Peachy' 🍑

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The Oldham Group Austin | Courtney Oldham

Summer Selling Season, Just 'Peachy'

June 23, 2023

The Oldham Group Austin | Courtney Oldham

Mortgage Rates Steady & Sales Volume Up

Inflation continued to decelerate last month—in May, headline inflation moderated to +4% YoY and +0.1% MoM, while core inflation—which strips the more volatile categories of food and energy—measured +5.3% YoY and +0.4% MoM. However, inflation remains well above the Federal Reserve’s long-term target of 2%.

Mortgage rates remained steady, ending last week at an average of 6.69%. That’s down slightly from a recent high of 6.79%, but still elevated. Until economic activity declines or the Fed signals sufficient price stability, it’s unlikely that mortgage rates will meaningfully decrease.

On a week-over-week basis, Austin area pending sales ticked up 5% in while closed sales rose over 50%. Active listings held steady, but new listings declined nearly 10%

Pending Sales:⬆️
Sales Volume::⬆️
Months of Inventory::⬆️
Days on Market:⬇️
New Listings::⬇️

Source: ABOR June 21, 2023

Let’s talk about the best way to utilize these market conditions to your advantage! Courtney (512)-809-5495.

Featured Properties

Farm to Market

20751 Farm to Market 979

3 BD | 2 FB | 2700 SF | 4.5 AC | $1,195,000

JUST LISTED

Incredible opportunity for beautiful 4.5 acre farm just 15 minutes from downtown Austin and 5 minutes from Tesla!! Gorgeous 2700 SF main house was carefully updated in 2023 – new roof, extensive kitchen and bathroom remodels including new cabinetry, quartz countertops, undermounted sink, gooseneck faucet, and appliances. Property includes the updated main house, a large 1800 SF workshop with an updated, income generating + highly sought after ADU, a 389 SF out building, horse barn, and fenced pasture.

Listed by: Courtney Oldham, Compass RE

Kenosha Pass

6903 Kenosha Pass

4 BD | 2.5FB | .49 AC | $1,079,000

JUST LISTED

Incredible ranch style home on oversized half acre lot with mature oak trees in sought after Southwest Austin! This classic one-story limestone home has an open floor plan with two separate living spaces, elegant interiors, generous rooms and stunning architectural details like beamed ceilings & wood trusses. Private back yard, gas-heated saltwater pool. No HOA, close to HEB, Costco & Whole Foods!

Listed by: Courtney Oldham, Compass RE

Falcon Hill Drive

2102 Falcon Hill Drive

3 BD | 2 BA | 1320 SF | $735,000

JUST LISTED

Incredible remodel! Custom-made cabinetry, floating shelves, energy-saving stainless-steel appliances, quartzite counter tops with waterfall edge and large island with tons of counter space! Spacious primary bedroom with walk-in closet and gorgeous spa-like bath!

 

Listed by: Courtney Oldham, Compass RE

5th Street

555 E. 5th Street #901

2 BD | 2 FB | Corner Unit | 1,389 SF | $799,999

AVAILABLE

Welcome home to the 5FiftyFive located in the Residences at the Hilton! This spacious 2 bedroom and 2 bathroom condo is move-in ready with recently upgraded wood floors and paint. Floor to ceiling windows provide captivating views to the north and east. Entertain friends or relax with a cup of coffee on the wrap around porch! Connected to the Hilton Hotel, the residences have a private entrance with 24-hour concierge services, with access to restaurants, bars, and the Starbucks coffee at the lobby level.

 

Listed by: Courtney Oldham, Compass RE

2601 Sixpence Lane
2601 Sixpence Lane
 
5 BD | 3.5 BA | 2764 SF | $584,999
 
AVAILABLE
 
This gorgeous home on an oversized, corner lot in the coveted Commons at Rowe Lane has all the bells and whistles including a Generac home backup generator, solar panels, gorgeous outdoor living with spacious patio, pergola and storage barn! Inside you’ll enjoy an open floor plan with four beds, three baths and ample entertaining and dining spaces! The home boasts a spacious open concept kitchen with granite countertops, tile backsplash and stainless appliances, perfect for family meals and entertaining guests. The community offers an amenity center, pool, parks and walking trails and is perfectly located just minutes away from 130. This home offers the perfect blend of comfort and convenience!
 
Listed by: Courtney Oldham, Compass RE

Summer is 'Just Peachy'

Just Peachy

As summer begins, so will annual pilgrimages to roadside stands and farmers markets where popular varieties of Texas’ succulent freestone peaches arrive in successive waves through Labor Day. Those peaches set a national standard for sweet-ness, and—here’s the really good news—they are mostly reserved for Texans.

What's Happening

Yamas Greek Restaurant

A new family-owned Greek restaurant is now open! Yamas is located in Highland Park West at 5308 Balcones Drive. The breezy restaurant will serve up coastal Greek and Mediterranean cuisines. This means dishes like fried feta with sesame seeds, honey, and crumbled roasted walnuts and more. MENU

Big Country TexMex

Big Country Brewing has released a TexMex Lager made with organic ingredients to to cool you down this summer. It’s a bright, refreshing, Mexican-style lager that truly embodies the union of Latin and Central European cultures, paying homage to Central Texas’s unique regional history. MORE

Sign Bar is Open

A new bar displaying a decade-long collection of iconic Austin signs is now open in far east Austin. Aptly named Sign Bar opened June 16 at 9909 FM Road 969, Building 3.
Sign Bar features a full bar on site and rotating food trucks, which is currently a taco truck. It also features over 75 retired Austin signs, from legacy restaurants. MORE

Jalapeacheno Jelly

FREDERICKSBURG FARMS
You should see our jalapeacheño tree! Our blend of peaches and jalapeños is a tasty grilling glaze for pork, chicken or fish, poured over cream cheese for a mouth-watering dip and if you’re really adventurous, try it as an ice-cream topping! BUY HERE

More Properties

Hill Country

Legacy Hills Lot 21

7.01 Acres | Pond | $600,000
Southwest Austin

11501 Rim Rock Trail

3 BD | 2 BA | 1250 SF | $1,999,900
Tarrytown

2005 Tower Drive

LOT 53 AND 1/2 OF 54 | $1,195,000
Pending

2800 Joe Dimaggio

3 BD | 3 BA | 1820 SF | $385,000

WHAT IS YOUR HOME WORTH?

Knowing what your home is worth is important information to have if you are thinking of selling your home. Call Courtney 512-809-5495 for a current pricing analysis and a customized strategy for selling your property in today’s market.

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