Canyon Creek NW Austin 78726 Real Estate Market July 2017

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.346.1799
http://actvra.in/56fZ

I am the “most frequently hired REALTOR® in the Canyon Creek Subdivision.” 

 

July 2017 Real Estate Market Results in Canyon Creek

It’s hard to believe we are in our third quarter of 2017! If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! Texas economy continues to be robust because of job creation resulting in more people coming our way. 50 people a day move to Austin!

 

Once again Austin tops the hit parade ranking #3 on Wallet Hub’s “Best Place to Start a Career” in 2017! Buyers seeking out jobs consider living in the Canyon Creek Subdivision because of its rolling hills topography, broad tree lined streets, neighborhood diversity and excellent schools. Canyon Creek is where you’ll find neighbors are friends; streets are safe and the nights quiet.

 

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 $300,000’s to the mid $600,000’s and includes 2 gated sections offering detached garden/condo home living options. Many who live in Canyon Creek lived here for years and bought and sold more than one home in the community. We are excited about the bath renovation at the community pool and added activity center on tap for construction in late 2017.

 

Here are the most up-to-date stats on the Canyon Creek neighborhood.  

 

Active Listings in Canyon Creek

As of August 1, 2017 there are 15 Active resale homes, condos and garden homes in Canyon Creek priced from a low of $379,000 to a high of $539,000 with average days on market of 86 days. There is a 2+ months’ supply of homes.

 

Pending Sales in Canyon Creek

As of August 1, 2017 there are 11 homes under contract waiting to close with an average of 27 cumulative days on market. Homes priced and staged right went under contract quickly. Buyers are looking for well priced and presented listings and are ready and willing to make offers.

Homes Sales in July 2017

5 homes closed in the Canyon Creek Subdivision in July 28% fewer than July 2016. The 5 sold homes enjoyed a 99% List to Sell Ratio (up 2% from 2016) and days on market were up down 15% compared to July 2016. 

Well priced available inventory remains a challenge but sellers need to remain mindful that proper pricing and presentation is critical to a successful transaction.

 

Today’s buyers are savvy about current home values and inventory. They are resisting over priced listings. The current active homes are seeing elevated days on market and properties listed too high are making price reductions. Presenting your home in its best light coupled with listing at market price is the key to going from Active to Sold.

 

Canyon Creek Real Estate Summary

 

Bottom line: July 2017 home sales in Canyon Creek decreased by 28% over 2016. Sold prices decreased by 10%. The price/square foot of homes sold in July 2017 increased by 5%. The size of the homes sold decreased by 17% thus we saw smaller homes sell for a higher price/square foot which is the standard rule of thumb. Properties coming on that were presented well and priced to market value received offers in an average of 23 days.

 

July was a slower closing month for homes in Canyon Creek as many purchased homes this past spring and closed in May and June. School is less than 3 weeks away and the 11 pending properties are trying to close before school starts August 22nd. Our fall market always picks up in the middle of September so be on the lookout for properties I have coming on that are carefully being prepared to meet the expectations of the buyers.

 

If you’re considering selling your home allow me to partner with you in determining the right price. 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 you. As a Canyon Creek resident since 1994 I know the intricacies of our community and our hyper local real estate market.


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

Meeting these conditions your home has an excellent opportunity to be seen and sold in advance of others 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, 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 influence the up or down price in the market dramatically; please consult with me to determine your specific value.

Reach out to me at 512-346-1799 or email at dillard@reloaustin.com for an insightful conversation about the marketability of your home. Let's talk!!  I offer professional guidance serving residential home buyers and sellers.

A local expert with national connections…..

Check my other posts on the market in Canyon Creek:

 

First quarter 2017

 

June 2017 Market Report

May 2017 Market Report

 

Please visit the website I provide for the community: CanyonCreekNews.com.

 

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

 

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Rainmaker
3,930,496
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Dorie.  Thanks for the update for the Canyon Creek real estate market in NW Austin.

Aug 03, 2017 05:29 AM #1
Rainmaker
3,709,727
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Dorie,  anyone thinking of buying or selling a house in your market area should call you. You are the local expert.

Aug 03, 2017 05:39 AM #2
Rainmaker
2,779,850
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning, Dorie -- as usual, your use of infographics and describing the Canyon Creek real estate market is an effective way of communicating your knowledge of this very special community.  It's also interesting to read of the movement within Canyon Creek by residents -- that underscores how much they like living there.  

Aug 03, 2017 05:54 AM #3
Rainmaker
1,222,067
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Your Alexandria Virginia Real Estate Agent

Dorie, your Canyon Creek market report has so much useful information and really showcases how extensive your knowledge is on the community. There's no one that knows Canyon Creek and it's real estate market better than you. 

Aug 03, 2017 06:20 AM #4
Ambassador
2,518,201
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I enjoy looking at the Canyon Creek housing market through your eyes Dorie Dillard 

Aug 03, 2017 06:35 AM #5
Rainmaker
1,367,450
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Dorie - your very detailed market report is proof that Canyon Creek is your niche.

Aug 03, 2017 07:38 AM #6
Rainmaker
2,367,650
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Dorie,  Love seeing what is happening in other areas of our country in Real Estate!

Aug 04, 2017 10:37 AM #7
Rainmaker
3,223,119
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Dorie

Canyon Creek in NW Austin Texas 78726 is a very active real estate market.

Good luck and success.

Lou Ludwig

Aug 04, 2017 08:13 PM #8
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Dorie Dillard

Serving Buyers & Sellers in NW Austin Real Estate
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