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Last week, we saw the release of some important economic indicators along with April’s housing statistics. Inflation remains high. Slowing consumer spending indicates a cooling economy despite persistently high consumer inflation and a strong labor market. Consumer sentiment also took a hit, falling to a six-month low in May.
Looking ahead, we can expect turbulence in the mortgage market due to stress in the regional banking system and the decision on the debt ceiling affecting the bond market, which closely tracks the 30-year fixed mortgage rate. However, if the yield on the 10-year Treasury falls, we may see mortgage rates follow suit.
Our Austin April housing statistics show the market adjusting to current conditions. However, home prices remain elevated relative to pre-pandemic levels: the median sales price measured 48% higher than its April 2019 figure. We remain optimistic about the long-term as the moderation in home prices reduces the drag of high mortgage rates on affordability.
Want to know more about your specific selling situation, let’s connect this weekend! Courtney 512-809-5495.
The numbers are in! Courtney has been recognized as a Top 500 highest-producing agent! It’s a sincere pleasure to assist our clients with their real estate goals and to earn this distinction in the Austin real estate community.
Listed by: Courtney Oldham, Compass RE
502 E. Live Oak Street
4 BD | 4 FB | | 3,412 SF | $2,450,000
UNDER CONTRACT
Exceptional new construction that offers a perfect blend of modern design and upscale living in one of Austin’s most sought-after neighborhoods – Travis Heights! This luxurious home features top-of-the-line finishes, unparalleled craftsmanship, and an open floor plan that offers a seamless flow for elevated living. The chef’s kitchen is a culinary dream, equipped with top-of-the-line JennAir appliances, custom white oak cabinetry, and stunning Italian quartzite countertops that provide ample space for entertaining guests.
Listed by: Courtney Oldham, Compass RE
Legacy Hills Drive
Lot 21 | 7.01 Acres | Adjoining Pond | $600,000
JUST LISTED
Here’s your opportunity to own your piece of the beautiful Texas Hill Country! This gorgeous 7 acre lot in Legacy Hills, a newly developed luxury acreage community is the perfect place to build your dream home. Legacy Hills maintains their own Black Buck and Oryx herds, has a private high-speed internet tower, a cluster mailboxes station, beautiful gated entry, paved roads, underground utilities and mature trees. Here you can build your custom home with the builder of your choice on your timeline. Low tax rate with Ag exemption, in Johnson City ISD and easy access to amenities in both directions.
Listed by: Courtney Oldham, Compass RE
2601 Sixpence Lane
5 BD | 3.5 BA | 2764 SF | $594,000
JUST LISTED
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
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
Sunday, May 21, from 11 AM to 4 PM at the Carpenter Hotel. Join in the celebration of what grows wild in Texas. We’re talking flowers. Workshops to help your creativity bloom start at 11 AM. Learn floral water marbling with Mercedex Rex Designs. SIGN UP HERE
Monday, May 29th | 5:00 PM We’re cooking up something really special with some amazing chefs: Edgar Rico of Nixta, Damien Brockway of Distant Relatives, and Harvard Aninye & Tavel Bristol-Joseph of Canje. Family and friends are the key ingredients for the perfect pig roast! TICKETS
GT World Challenge America at Circuit of the Americas Fanatec is back in Austin for an action-packed weekend of sports car racing. The three-day festival of speed offers fans open access to the stars and cars of SRO America. TICKETS
Come celebrate National BBQ Month with Austin’s Favorite Pharmacy! Peoples Rx is hosting a FREE community barbecue at their North Lamar store on Sunday, May 21! They’ll be cooking up the best LOCAL organic chicken from Greener Pastures, plus serving up BBQ faves like brisket and pork shoulder. MORE
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.
© Compass 2023 | 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.
The Oldham Group is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
© 2023 The Oldham Group
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