2015 Canyon Creek Subdivision Real Estate Market Overview Austin TX
Canyon Creek is one of the most desired communities in NW Austin. It’s a prestigious master planned neighborhood 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 homes range from the mid $300,000’s to the mid $600,000’s and includes 2 gated sections offering detached garden/condo home living options; The Villas at Canyon Creek and The Enclave.
As of January 3, 2016, the inventory in Canyon Creek showed only 7 resale homes on the market and 5 pending properties. There are 1.5 months 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!
Total Year End Canyon Creek Statistics:
The numbers are in and Canyon Creek’s momentum took a little stumble but needed a correction after last year’s 14% increase in homes sold prices. The average sold price decreased 3% and there was a 11% decrease in number of homes sold in 2015 compared to 2014. These figures include ALL properties including the gated sections of the Villas at Canyon Creek and The Enclave.
The market cooled in 2015 with homes on the market 60% longer. The market exists with a more controlled pace and low inventory. The average list to sell ratio is 96.86% down slightly from 98.76% in 2014! Many sellers continued to increase prices and quickly learned the buyers were not impressed and refused to make offers. It was time for the escalation of home prices to ease and the buyers were responsible for that correction. I’ve always said a house is really worth what a willing buyer is willing to pay. The buyers spoke and were heard!
Canyon Creek Real Estate at a glance...
This Canyon Creek 2015 End of Year Market Report is provided for general information only and does NOT replace a comprehensive market analysis. The price of homes and amenities can range dramatically. Please contact Dorie for a free market analysis to determine your specific home’s value.
As always, homes In Canyon Creek Subdivision in NW Austin, TX that are selling the quickest have several characteristics in common:
They are well maintained
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!
Check out these recent sold properties by Dorie Dillard in Canyon Creek:
Sellers, if you want to gain the advantage in selling your Canyon Creek home employ the services of Dorie Dillard. I am a known and trusted source for all your community needs. I would appreciate the opportunity to earn your business and exceed your expectations. Reach out to me at 512-346-1799 or firstname.lastname@example.org for a free market evaluation on your home. I offer you hands on Professional guidance for all your real estate needs.