Austin HOT🔥 in Emerging Trend Report

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The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

Austin HOT in Emerging Trend Report

November 10, 2023

Austin HOT in Emerging Trend Report

Austin's Still Burning Hot

The Austin Business Journal reported that “Austin’s real estate market is still burning at a supernova level, according to a new study.
The Urban Land Institute, which focuses on real estate and land use, released its widely respected 2024 Emerging Trends in Real Estate report on Oct. 31. The report compiled data and insights from over 2,000 real estate industry experts to explore shifts and trends in the property sector and predict 10 markets to watch for the coming year.”

Key Take Aways
Austin remains a highly active real estate market, ranking No. 1 for homebuilding prospects and No. 5 in the organization’s “Markets to Watch.”

An Austinite must earn $126,000 to afford a median-priced home. In September, Austin reached four months of housing inventory, the highest level in eight years, but less than the five-to-six months recommended for a healthy market.

Median rent prices have fallen 14% year-over-year, the steepest drop of any metro area in the US.

ATX gained 28,000+ remote workers during the pandemic, the highest net gain in the country. Office vacancy rates in Austin are rising, currently affecting ~18% of office space Downtown.

Platinum Top 50 Semifinalist

Platinum Top 50 Semifinalist

We are thrilled to be recognized as a Platinum Top 50 Semifinalist! Platinum Top 50 celebrates agents for their successes pursuing excellence in real estate through sales, service, leadership & community involvement —noteworthy achievements that rank us at the top of our industry. Out of nearly 20,000 realtors in Austin, this is a huge honor! Thank you to our clients that continue to support us with your repeat business and referrals. YOU make this possible!

Featured Properties

800 W. 5th Street #503

800 W. 5th Street #503

2 BD | 2 BA | 3,697 SF | $1,000,000

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

5224 Keene Cove

5224 Keene Cove

4 BD | 2.5 BA | 2920 SF | 3 GA | $775,000

SOLD

This meticulously maintained River Place gem is perfectly situated on quiet cul-de-sac, backing to greenbelt for the ultimate in privacy! Two-story, with a primary bedroom downstairs along with both formal living, dining, and family rooms. Gourmet kitchen with island and breakfast bar. Updated primary bathroom, incredible backyard space and views for days!

Listed by: Courtney Oldham, Compass RE

2316 Sully Creek Drive

2316 Sully Creek Drive

4 BD | 3.5 BA | 2,958 SF | $773,500

OPEN SUNDAY 1-3 PM

South Austin has never looked so good! This stunning property in the sought-after Bridges of Bear Creek neighborhood has it all! Gorgeous gourmet kitchen with tons of counter space, fabulous pool, amble outdoor living spaces and a detached studio!

Listed by: Courtney Oldham, Compass RE

214 B Smoke Tree Circle

214 B Smoke Tree Circle

4 BD | 3.5 BA | 3,697 SF | $1,199,000

SELLER BUY DOWN

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

14912 Cabrillo Way

14912 Cabrillo Way

4 BD | 2.5 FB | 2304 SF | $625,000

NEW PRICE

Impressive brick and limestone one-story home in the sought after Terra Colinas community in Lake Travis ISD. This one is better than new! It has an open floor plan with large living spaces, elegant interiors and stunning details like wide-plank hardwood flooring, designer farmhouse lighting and crown molding. The gourmet kitchen includes stainless appliances, shaker-style cabinetry with modern hardware, quartz countertops, recessed lighting and subway tile backsplash.

Listed by: Courtney Oldham, Compass RE

20751 Farm to Market 969

20751 Farm to Market 969

4 BD | 3 FB | | 2700 SF | $899,000

NEW PRICE

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. The whole house was painted and the upstairs vintage reclaimed wood flooring was buffed, polished, and new luxury vinyl plank installed downstairs.

Listed by: Courtney Oldham, Compass RE

What's Happening

Leslie Lewis Sigler

Leslie Lewis Sigler is a contemporary painter whose still life renditions of silver and copper heirlooms capture their enduring beauty. Her work has me captivated and is currently on exhibition at the Commerce Gallery in Lockhart.

Creek Show

Friday, November 10th | 6:00 PM – 10:00 PM Join Waterloo Greenway for 9 nights of dazzling, illuminated art along Waller Creek this fall. Since 2014, Waterloo Greenway has commissioned site-specific work by Austin-based artists, architects, designers, and landscape architects in collaboration with AIA Austin.

Man Up!

Man Up: The Ultimate Men’s Lifestyle Event at the Arboretum on Saturday, November 11th at 1:00. The event features fashion, wine tasting, a mixology demo, live music by Matt Creatoin & Jack Greenwood, cigar rolling by Bobalu Cigar Co. and the Texas vs. Alabama 2023 football game at the Lawn Area.

Blanton

Saturday, November 11th | 3:00 PM Every second Saturday, guests can hang on the Blanton’s new Moody Patio, enjoy live DJ sets on the museum’s redesigned grounds, and explore the galleries, which will be open late until 8 pm! Guests are invited to pack a picnic or purchase local food and drinks for sale.

Travis County Parks

This holiday season, give your favorite park lovers something they’ll adore! Explore the Travis County parks merchandise collection and support the Travis County Parks Foundation and our parks with each purchase.

WRITE US A REVIEW

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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