Canyon Lake Texas Waterfront Market Report December 2009
The end of 2009 has come and gone and it has been a different year for waterfront homes on Canyon Lake Texas. We are seeing longer days on market for properties that are not properly priced, we are seeing less sales in part because of the lack of second home market activity and because of the nearly impossible to get Jumbo financing. The inventory is down slightly in the last month of the year and going into 2010 we are starting to see signs that the Jumbo loan market may be loosening up. Consumer confidence drives the second home market and with a great number of second home buyers coming from adversely affected real estate and financial markets, Canyon Lake Texas waterfront home sales may continue to be slow in the coming year. Market statistics provided from the Central Texas MLS and pertain to homes only and not land.
Canyon Lake Texas Waterfront Market Report December 2009
ACTIVE LISTINGS
There are 36 active listings with a listing price range of $130,000. to $1,295,000. The average listing price is $549,442. and the median listing price is $450,000. which a price per square foot range of $61.71 to $441.83 the average price per foot is $222.01 and the median price per foot is $214.50. The average Days On Market (DOM) range is 15 to 716 days which an average DOM of 192 days and a median DOM of 150 days.
UNDER CONTRACT LISTINGS
There is 1 waterfront listing at Canyon Lake Texas that is currently under contract. It has a listing price of $599,000. a price per square foot of $215.93 and DOM of 83 days.
SOLD LISTINGS
There were NO SOLD waterfront home listings at Canyon Lake Texas in this reporting period.
In this changed Canyon Lake Texas waterfront market it is critical to market your property with a real estate professional who is serious about interpreting the market conditions and advising you realistically about the positioning of your waterfront home in the local market. For honest and statistically based advice on how to get your Canyon Lake Texas waterfront home SOLD in today's market, contact Jeani Thomas Richie, Broker of EXIT Hill Country Realty and experience the difference when you work with an informed professional!
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