Updates Friday May 20, 2022 | The Oldham Group

🍑 Everything's Just Peachy 🍑

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.

It's Peach Season & Summer Selling Season

Peach season in Texas is typically mid-May through mid-August. The variety and the quantity of peaches available will vary over the four months of peach season in the Texas Hill Country. Coincidently that aligns with Austin’s summer selling season. Here are few things you should know as we prepare for Summer real estate 2022. 🍑

MORE INVENTORY

It’s feeling different out there…this week I noticed more homes hitting the MLS and a few homes staying on the market a little longer than one day! Generally speaking this is GOOD NEWS! Where we’ve been the year and half isn’t sustainable — the combination of higher prices and higher interest rates have priced buyers out of the Austin market.

INTEREST RATES

By the end of 2022, experts anticipate that the 30-year fixed mortgage rate could land between 4.8% and 7.0 percent. For the 15-year fixed mortgage rate, their predictions fall between 3.9% and 6.0 percent. While the rate increases are designed to curb inflation, they certainly won’t make Austin real estate any more affordable. It’s time to buy!

PRICES UNCHANGED

Even if the enthusiasm tempers a bit, it will still take some time to see a change in Austin real estate pricing. That’s because we’re cooling from rapid boil to a boil…that means there are still more buyers in the market than homes for sale. Instead of 15 offers, sellers might only get 5 which still means multiple offers and over asking prices

Have you been waiting until the top of the market to sell? Have you been waiting to buy until there were more to choose from? It’s time to talk about your MOVE! 📞 Courtney 512-809-5495

Just Listed

908 Nueces #28 | Celia’s Court
2 BD | 2 BA | 1249 SF | 1 Parking

Under Contract

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

Here are 5 Things I’m LOVING 😎 this week!

SNEAKY PEACHES AND THE FUZZ 🎶
BEDROOM FLOOR

Keeping with the peach theme, Sneaky Peaches and the Fuzz is an Austin, TX based band that specializes in crafting summery, hook centered Indie-Pop. Their debut single, “Bedroom Floor,” is currently being played on AAA radio and has accumulated over 1.7 million streams on Spotify. LISTEN

PEACH PILGRAMAGES 🚗
John Lumpkin for “Texas Highways”

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. FULL ARTICLE

RESERVE BAR | MAKE IT PEACHY 🍹

ReserveBar is an online luxury spirit and wine store that specializes in rare bottles, gift sets, and fine drinkware. It’s amazing!!! Since it’s summer, how about gifting an engraved mason jar of Ole Smoky Peach Moonshine? 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

BAR PEACHED BINGSU 🍧

Bingsu is Korean-style shaved ice that features all of your favorite childhood elements of shaved ice with a creamy snowflake texture and over-the-top toppings. The Matcha Parfait Bingsu is topped with Peach Ice Cream, Whipped Cream, Matcha Powder, Black Sesame Paste, Strawberries, Toasted Coconut & Almonds! YUMMY

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

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Courtney Oldham

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.