Canyon Creek NW Austin ~ Market ~ May 2013

By
Real Estate Agent with Coldwell Banker United Realtors® ~ Subsidiary of NRT, LLC DRE#420132
http://actvra.in/Xbd

 

Canyon Creek NW Austin ~ Market ~ May 2013

 

Master planned Canyon Creek community in NW AustinMy objective is to provide you with a Real Estate Market snapshot of the Canyon Creek community in NW Austin.  This report reviews the current market conditions and expectations as we continue on into second quarter of 2013.

Canyon Creek is one of the most desired neighborhoods in NW Austin. It’s a prestigious master planned community that boasts several parks, a Junior Olympic pool, tennis courts, nature trails, top notch public schools, close proximity to our lakes, extensive entertainment and dining options.  Canyon Creek offers homes from the high $200,000’s to the mid $500,000’s and includes 2 gate sections offering detached garden/condo home living options.

One of the gated communities called the Villas at Canyon Creek by David Weekley Homes is currently building out the last of the 53 detached condos.  I’ve separated these out from the resale properties.

Active Listings in Canyon Creek

As of June 5, the inventory in Canyon Creek is low with only 10 active resale homes and 3 new construction condos. There is only 1 month supply of inventory, Canyon Creek is enjoying a true sellers market. If you are thinking of selling in Canyon Creek, it is an excellent time to get your home listed. If you are priced and staged well, your home will sell.

Pending Sales in Canyon Creek

There are currently 20 resale homes under contract in Canyon Creek.  It is good to see buyers finding homes in the Canyon Creek real estate market in spite of the slimming inventory.

Homes Sales in Canyon Creek

Closed resales in Canyon Creek in May were up 14%.  Many sellers made the decision to close in June because school let out May 31st.  Expect to see June and July good closing months in Canyon Creek.  

Resale Homes in Canyon Creek

 May resale home sales in Canyon Creek

 

 

New Construction Villas in Canyon Creek

May new construction homes in Canyon Creek

In May 2013 many resale homes received offers and in some cases, multiple offers.

Sellers with larger homes decided to sell which is reflected in the 15% increase in square footage; which accounts for the 14% increase in sold prices.  Data isn’t always as it appears.  Helping decipher real estate information is just one of many reasons to employ my services. 

Canyon Creek Real Estate Summary

This Canyon Creek real estate summary provides a summary of May’s 2013 market:  

  • Average Sales Price: $390,750 (up)

  • Number of Monthly Sales: 8 (up)

  • Average Days on Market : 10 (up)

  • Average SP/LP Ratio: 98.75% (the same)

  • Highest Sold Price: $479,000 (up)

  • Lowest Sold Price: $301,000 (up)

Homes For Sale in Canyon Creek

Please check out a complete list of available Canyon Creek Homes:

Search for homes in Canyon Creek

Please visit the community interactive website we provide to find more about Canyon Creek:

www.canyoncreeknews.com.

All data is derived from the Austin MLS System.  If any Canyon Creek home traded hands with a Realtor involved, then it won’t be reflected in this report.

This market report is for general information only and does NOT replace a comprehensive market analysis.  Each home and its amenities can range dramatically; please consult with me to determine your specific values.  Put my expertise to work for you; call me at 512-346-1799 for a free comparable market analysis of your home.

 

“WE ARE ALWAYS HERE TO ASSIST YOU!”

 


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Dorie Dillard is the most frequently hired REALTOR® in the Canyon Creek Subdivision.    “YOUR PERFECT PARTNER”

 

 

 

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Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Texas Travis County Austin Canyon Creek
Groups:
Texas Real Estate
Coldwell Banker Bloggers
All Thing's Texas
Local Expert
Market Reports
Tags:
westwood
austin tx
david weekley
canyon creek
78726
nw austin
grisham
villas at canyon creek
homes for sale in nw austin

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Rainmaker
3,294,863
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is a nice report about real estate market in Canyon Creek NW Austin. Thanks for sharing.

Jun 05, 2013 09:28 PM #1
Rainmaker
1,985,200
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Dorie: It is the perfect time for potential sellers in the Canyon Creek Subdivision to call you and list their home...take advantage of the low inventory and get your home sold quickly. 

Jun 05, 2013 09:37 PM #2
Rainer
404,730
Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Wow, Canyon Creek sure sells fast when something's available!

Jun 05, 2013 09:39 PM #3
Rainmaker
414,292
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Dorie - as a lay person it's so easy to understand your in depth market reports and you've met your objective as usual. I'm not surprised that Canyon Creek in NW Austin is one of the most desired neighborhood to live in in the US which all there is do do like shop, hike, dine, nightlife - you've got it all! This is the time to buy before there's no inventory left!

 

Jun 05, 2013 11:41 PM #4
Rainmaker
693,922
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Dorie,

How do you find the time to even post? With all the homes you have been selling you will have to get an office at the Title company. LOL

Have a wonderful day in Canyon Creek Texas.

Best, Clint McKie

Jun 06, 2013 12:34 AM #5
Rainmaker
2,380,555
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Pasadena CA Real Estate 818.516.4393 Cell

Hi Dorie -- in-depth and very easy-to-read update on the Canyon Creek real estate market.   Your local knowledge, as usual, shines!

Jun 06, 2013 12:58 AM #6
Rainmaker
735,556
Joanna Cohlan
Fresh Eyes For Your Home - Chappaqua, NY
Designing, Decorating & Staging Westchester Homes

Dorie, what a great and comprehensible market report-looks like the Canyon Creek and Austin markets continue to heat up and while the 2013 days on market is a bit longer, the prices are also higher-bidding wars???

Jun 06, 2013 01:27 AM #7
Rainmaker
646,210
Bobbie Smith
Stroudsburg, PA
570-242-1891

Dorie, What an awesome community, Canyon Creek. Great stats. This Community is a keeper. Great report too Dorie.

Jun 06, 2013 05:00 AM #8
Rainmaker
1,169,808
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Dorie-one can easily see why the Canyon Creek area is so desirable, great amenities, schools and dining.

 

Have a great week.

Jun 06, 2013 05:25 AM #9
Rainmaker
1,309,319
Patricia Feager
Dallas Premier Keller Williams Realty - Flower Mound, TX
Selling Homes Changing Lives

Dorie,

I highly recommend you to anyone looking to buy or sell in your area.

You're the best of the BEST!

Jun 06, 2013 08:10 PM #10
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Great market report Dorie.  Prices are going up.

Jun 06, 2013 08:44 PM #11
Rainmaker
2,280,917
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Healthy market....and great description of the state it is in currently and what buyers need to know about the attributes of the community.

Jun 06, 2013 09:04 PM #12
Rainmaker
2,013,853
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Nice job with the report easy to read and understand. Great report to share with local buyers and sellers, so they can see what is going on. You are certainly the Realtor of choice in your area.

Jun 06, 2013 09:30 PM #13
Rainmaker
1,563,021
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Dorie, this is the time for any Canyon Creek homeowner to reach out to you to get their home on the market with this low inventory...great share, wow market!

Jun 06, 2013 10:55 PM #14
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Rainmaker
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Dorie Dillard

Realtor-Canyon Creek- NW, Austin TX Homes For Sale
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