Pricing Stability & the Fall Market Outlook

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.

The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

Pricing Stability & the Fall Outlook

October 13, 2023

The Oldham Group Austin | Courtney Oldham

Price Stability in Austin

Prices remain stable, but the +0.5% increase in mortgage rates caused slightly less demand than was to be expected.

Median & Average Sold Prices Remain Stable
Both Median and Average Sold Prices saw minimal declines from August, but remain lower than the late spring/early summer highs. Austin’s market is consistently seasonal – motivated sellers take lower prices in the fall winter while less motivated sellers try again in the spring.

Mortgage Rates Increase
Mortgage rates increased by roughly 0.5% in September, which was somewhat unexpected.

Pending units declined slightly more than expected, likely as a result of increased mortgage rates.

Buying in Today’s Market
This is a strong buying opportunity if it makes sense for you to buy. Rates are high, but prices are lower than you will likely see again in Austin. You can buy now and refinance later and ultimately accomplish a lower monthly payment than you will be able to in the future.

Selling in Today’s Market
If you’re currently on the market, pricing is critical! Sales are happening but at slower pace with more concession. Price right from the start to attract the largest pool of potential buyers.

Featured Properties

5224 Keene Cove

5224 Keene Cove

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

JUST LISTED

MULTIPLE OFFERS | SOLD IN 4 DAYS

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 | $775,000

JUST LISTED

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

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

800 W. 5th Street #503

800 W. 5th Street #503

2 BD | 2 BA | 3,697 SF | $1,050,000

JUST LISTED

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

214 B Smoke Tree Circle

214 B Smoke Tree Circle

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

JUST LISTED

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

555 E. 5th Street #901

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

20751 Farm to Market 969

20751 Farm to Market 969

4 BD | 3 FB | | 2700 SF | $990,000

AVAILABLE

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

Cocktails!

Take a look at Eater Austin’s cocktail heatmap, a map of the hottest, buzziest boozing destinations around town. This means the latest bars in town, hot new restaurants offering serious cocktail games, or even older spots mixing it up with a new bar program, all under a year old.

ACL Music Festival

It’s Weekend 2 of the Austin City Limits Music Festival. It will l feature performances from headliners like Kendrick Lamar, The Lumineers, Foo Fighters, The 1975, Alanis Morissette, Mumford & Sons, Odesza, Hozier, Yeah Yeah Yeahs, Labyrinth, and more.

ACL Fashion

Texas Monthly take a look at the 2023 ACL fashion trends! Playful Western touches dominated the field, with a sprinkling of neon or bedazzled cowboy hats bobbing through the crowd, and (quite literally) hundreds of variations of fringe and even a lot of all black numbers.

Creature Feature

The Austin Central Library keeps its doors open for after-hours thrills and cinema-inspired chills in celebration of spooky season. Highlights of this horror movie-themed night include SFX makeup workshops, a photo booth, music, drinks, an appearance by the Austin Reptile Show, a holographic effects activation, and more.

Pumpkin Patches

Visiting a pumpkin patch is a fun way to get into sweater weather! It’s a family-friendly day filled with games, spiced cider, and maybe even a hayride. Tribezas has rounded up 6 of the best pumpkin patches within 1 hour of Downtown Austin.

WRITE US A REVIEW

We love working with our clients and hope you enjoy working with us. If you have a minute to send us a quick testimonial or feedback that would be extremely helpful and most appreciated.

Let us know what you think »

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