Key Real Estate Influencers
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.
Oldham Group Austin Update
Key Real Estate Influencers
March 14, 2024
Key Real Estate Influencers
We monitor inflation, labor, demand, prices, and inventory in residential real estate to gauge market health, foresee trends, and to help our clients make informed decisions.
Here’s What We’re Watching:
Inflation – The inflation rate ticked back up slightly to 3.2% in February. This underscores that fully returning inflation back to a normal pace is likely to be a bumpy process — and back up the Federal Reserve’s decision to proceed carefully as officials consider when and how much to lower interest rates. New York Times Article
Labor Market – The state of Texas could add more than a quarter of a million jobs in 2024, according to a new analysis from the Federal Reserve Bank of Dallas. The Texas Employment Forecast predicts a 2% increase in jobs statewide this year, amounting to 283,500 jobs added to the Texas’ workforce. Federal Reserve Economic Outlook
Migration and Demand – Domestic migration resilient, international migration increasing. Austin will continue to be an international market because of technology, venture capital and innovation.
Housing Prices – The Austin real estate market has demonstrated stability with year-over-year average sold prices experiencing a modest increase alongside a rise in unit sales.
Housing Inventory – A return to more normal market conditions, the number of residential units available for sale in February increased 21.3% in comparison to January.
Featured Properties
11921 Bittern Hollow
4 BD
2.5 FB
2,695 SF
$575,000
- Sold
Nestled in the Gracywoods neighborhood of North Austin, this charming two-story home epitomizes convenience and style! Step inside to discover a spacious haven boasting 2695 sq. ft. of living space adorned with gleaming wood flooring and gorgeous updates! Entertaining is a breeze with a separate dining and living areas, perfect for hosting intimate gatherings or festive dinners. Enjoy lazy afternoons or al fresco dining on the covered patio overlooking the lush backyard oasis on a large corner lot.
Listed by: Courtney Oldham, Compass RE
4503 Lyra Circle
3 BD
2.5 FB
1,736 SF
$450,000
- Under Contract
Introducing a Southeast Austin gem! It boasts of a tasteful brick exterior, a spacious backyard, and a complete remodel. Revel in the allure of the updated kitchen, adorned with sleek subway tile, stainless steel appliances, and new fixtures and lighting throughout. A perfect blend of comfort and style awaits in this meticulously crafted residence located just minutes from downtown Austin.
Listed by: Courtney Oldham, Compass RE
214 B Smoke Tree Circle
4 BD
3.5 BA
3,697 SF
$1,150,000
- New Price
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
800 W. 5th Street #503
2 BD
2 BA
1,538 SF
$989,900
- 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
What’s Happening
SXSW Film & TV
Creatives of all stripes will gather for the SXSW Film & TV Festival. Running concurrently with the SXSW Conference, Music and Comedy Festivals, attendees can take advantage of the opportunity to connect with a wide array of industry experts.
Rodeo Austin
Rodeo Austin is a real western experience held every March at the Travis County Expo Center. Rodeo-goers get to do things they can do nowhere else including a ProRodeo, one-of-a-kind concerts, carnival and a livestock show. All while raising millions for Texas kids.
ICON Tech
ICON, pioneer of advanced construction technologies and large-scale 3D printing, announced a new suite of products and technologies designed to further automate construction including a radical new robotic printer that enables multi-story construction.
Hot Eats
Where should I eat right now? As always, the Austin restaurant scene remains as exciting as ever, as new places have continued to open. March 2024 update adds new omakase spot Endo, returning Malaysian restaurant Wee’s Cozy Kitchen, hot chicken chain restaurant Hattie B’s, and new-school barbecue truck LeRoy & Lewis’s new South Austin restaurant.
Ready to Make a Move
The first step is EASY! Call or text Courtney.
We’ll set up a time to carefully evaluate all options and put together the BEST plan & timeline for you and your family. We’ve helped thousands of clients navigate buying and selling in Austin over the last 17 years. We’d be honored to help you, your friends and colleagues.
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.
