May 2016 Canyon Creek Subdivision 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.
May 2016 Real Estate Market Results in Canyon Creek
Are you wondering if it is the right time to sell or buy a home? The answer is yes! Austin’s economy continues to be in an expansion mode. New comers seek out Canyon Creek because of our rolling hills, premier master planned community and our excellent schools. Please note the current market conditions and expectations as we begin the second quarter of 2016.
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 high $600,000’s and includes 2 gated sections offering detached garden/condo home living options.
Active Listings in Canyon Creek
As of May 31, 2016 there are 13 resale homes in Canyon Creek priced from a low of $329,900 to a high of $585,000. Two of the active homes are under contract with a contingency. There is a 1+ month supply of homes 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 for the spring real estate market.
Pending Sales in Canyon Creek
As of May 31, 2016 there are 7 homes under contract waiting to close. The spring market is in full swing! Fresh listings brought out buyers who made offers quickly on well staged and priced properties.
Homes Sales in May 2016
There were 10 closed resale homes in the Canyon Creek Subdivision in May up 25 % from May 2015. The homes enjoyed a 99.99% List to Sell Ratio and the days on market were down 64% compared to May 2015. Is the market slowing in Canyon Creek? No, buyers are out with their agents looking to purchase homes in our low inventory levels.
Canyon Creek Real Estate Summary
Bottom line: May 2016 home sales in Canyon Creek were up 25% from May 2015. The average sold price in May 2016 decreased by 16% and the sold price/square foot stayed the same! Why? Buyers are resisting continued price increases. However the price/SF is stable and leveling off as we head into summer. 2015 was a good year and 2016 looks like it will be even better continuing the trend of sales and no decreases in price/square foot.
The 7 homes currently under contract show a slight increase in days on market from 5 to 8 days which proves inventory is continuing to be moved off market quickly. Buyers are still finding competition for homes coming on market resulting in multiple offers.
Sellers, determining the right price are where I can help you. Handling the demand, offers and dialogue with appraisers requires a seasoned professional like me with systems and processes in place to obtain fairly; the highest and best price for sellers. As a Canyon Creek resident since 1994 I know the intricacies of our community and our hyper local real estate market. I have many listings coming on market and am 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 an excellent 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. Reach out to me at 512-346-1799 or email at dillard@reloaustin.com for an insightful conversation about the marketability of your home. I offer hands on Professional guidance for all your real estate needs. A local expert with national connections.
Check my other posts on the market in Canyon Creek:
Please visit the website I provide for the community: CanyonCreekNews.com.
I am your Canyon Creek resource!
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