February 2015 Canyon Creek Subdivision in NW Austin Real Estate Activity
I am the “most frequently hired REALTOR® in the Canyon Creek Subdivision.” I offer hands on Professional guidance for all your real estate needs.
February 2015 Real Estate Market Results in Canyon Creek
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 we finished the second month in the first quarter of 2015.
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 mid $300,000’s to the mid $600,000’s and includes 2 gated sections offering detached garden/condo home living options.
Active Listings in Canyon Creek
As of March 1, 2015 the inventory in Canyon Creek shows 6 resale homes on the market. There is 1+ month’s supply of inventory thus Canyon Creek enjoys a true seller’s market. If you are thinking of selling in Canyon Creek now is an excellent time to list your home.
Pending Sales in Canyon Creek
There are currently 7 pending resale homes in Canyon Creek. This demonstrates buyers are making offers! In February the average days on market for properties that sold were 15 days compared to 58 days in 2014.
Homes Sales in February 2015
There were 4 closed resale home sales in the Canyon Creek Subdivision in February 2015 – 1 less than in February 2014. These homes enjoyed a 96.36% list to sell ratio (down slightly from home sales in 2014). Sold prices were down 9% however last year 3 out of the 5 sales in February were from the condos in the gated section of the Villas of Canyon Creek and were 22% smaller in size (thus usually a higher price per square foot). In 2015 there were no condos in the mix.
Canyon Creek Real Estate Summary
Bottom line: The current Canyon Creek real estate market exists with a more controlled pace and a relatively low inventory of homes but the pace is beginning to pick up as we enter the spring market. Austin is a leader in the nation for job growth so demand is high with over 100 people a day moving to Austin.
It will be a balancing act to determine the right price and this is where I can help you. Handling the demand, offers and dialogue with appraisers requires a seasoned professional like myself with systems and processes in place to obtain fairly, the highest and best price for sellers. We have many listings coming on market and are carefully preparing them to meet the expectations of the buyers.
Homes in Canyon Creek Subdivision in NW Austin, TX that are selling the quickest have several characteristics in common:
· They are well maintained
· Reasonably updated
· Clean and uncluttered
· Priced according to the current market conditions
Meet those conditions and your home has a very good opportunity to be seen and sold in the Canyon Creek Real Estate Market!
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 Market Report for January 2015
Canyon Creek Year End Market Report for 2014
Canyon Creek Fourth Quarter Market Report for 2014
Please visit the interactive website we provide for the community: CanyonCreekNews.com.
I am your Canyon Creek Resource!
Save
Comments(8)