Real Estate Market NW Austin TX Canyon Creek Subdivision December 2013
Are you looking for the latest statistics for the real estate market in NW Austin TX in the Canyon Creek Subdivision in December 2013? Are you wondering if it is the right time to sell or buy a home? This report reviews the current market conditions and expectations as the last month of Fourth Quarter 2013 ended.
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 low $300,000’s to the mid $500,000’s and includes 2 gated 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 December 31, 2013, the inventory in Canyon Creek showed only 2 resale homes on the market and 2 new construction condos of David Weekley Homes (the last ones left). There is less than a two week supply of inventory thus Canyon Creek enjoys a true seller’s 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. If you’re a buyer I have several new listings coming on market first quarter of 2014 so give me a call for details.
Pending Sales in Canyon Creek
There are no pending resale homes in Canyon Creek and 3 new construction condos which demonstrations there were slim pickings for buyers during the holiday season. Many sellers are waiting to put their homes on the market when they are ready to move because they are seeing how quickly homes are selling. Canyon Creek sellers who price their homes to current market conditions are enjoying their best opportunity to sell!
Homes Sales in December 2013
Closed resale home sales in Canyon Creek were down 25% in December 2013 compared to December of 2012. Only 3 new listings came on the market at the end of November and those 3 quickly went under contract and closed in December 2013 (2 of those listings were ours).
In December 2013 the good news is the few homes offered on market at the end of November received offers and in many cases multiple offers. The average sold price in December 2013 decreased by 4% however the sold price/sq. ft. went up 6%. The average days on market went down by 95% compared to December 2012! In 2013 the size of the homes offered were smaller by 7%.
New Construction Villas in Canyon Creek
The Villas are almost completely sold out….. just a few are left under construction and only one closed this December!
Canyon Creek Real Estate Summary
If you’re wondering what the Canyon Creek market in NW Austin, TX looks like this real estate summary for resale homes in Canyon Creek provides a clear and concise snapshot of December’s 2013 market.
Average SOLD Price: $345,333
Number of Monthly closed units: 3
Average Days-On-Market:6
Average SP/LP Ratio: 99%
Highest Listing Price: $392,000
Lowest Listing Price: $301,000
Largest resale home on the market: 3,294 sq.ft.
Smallest resale home on the market: 2,331 sq.ft
Homes For Sale in Canyon Creek
Please check out a complete list of available Canyon Creek homes:
Search for homes in Canyon Creek
All data is derived from the Austin MLS System. If any Canyon Creek home traded hands without 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 on your home.
Check my other posts on the market in Canyon Creek:
Canyon Creek November Market Report
Canyon Creek September Market Report
Please visit the interactive website we provide for the community: CanyonCreekNews.com.
I am your Canyon Creek Resource!
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