Canyon Creek Market Report September 2017

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.346.1799
http://actvra.in/57xS

Canyon Creek Market Report September 2017

 

 

It’s hard to believe the third quarter is over and we’re into the final countdown of 2017! If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! The Texas economy has hit a snag with the massive destruction of Hurricane Harvey but as always Texas is pulling together and showing the world what team work and caring about each other can do in the face of adversity!

 

After the outstanding performance of Austin’s real estate market in August everyone is asking “Now what”? No one has the magic answer but I depend on our local economists to give me insight coupled with my experience working daily in our real estate market. Read my post on my blog in September for my take on our Austin Real Estate.

 

Buyers seeking jobs in Austin will always 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 September 30, 2017 there’s 17 Active resale homes (at this time no condos or garden homes) in Canyon Creek priced from a low of $425,000 to a high of $600,000 with average days on market of 74 days. Five of these homes have been on market for over 125 days. There is a 2+ months supply of homes.

 

Pending Sales in Canyon Creek

As of September 30, 2017 there are 5 homes under contract waiting to close with an average of 41 cumulative days on market. Buyers are looking for well-priced and well-presented listings and are ready and willing to make offers.

 

Homes Sales in September 2017

Only 3 homes closed in the Canyon Creek Subdivision in September, 57% less than September 2016. The 3 sold homes enjoyed a 98% List to Sell Ratio (same as 2016) (of the last list price) and days on market were down 17% compared to September 2016. 

 

Sellers need to travel further to meet the expectations of buyers.

 

Today’s buyers are savvy about current home values and inventory and are concerned about rising interest rates. They are resisting overpriced listings. The current active homes are seeing elevated days on market and 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: September 2017 home sales in Canyon Creek decreased by 57% over 2016. Sold prices decreased by 9%. The price/square foot of homes sold in September 2017 increased by 10%. 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. Well-presented and priced properties received offers in an average of 41 days.

Our fall market usually picks up in the middle of September and this year it might be a tad later due to the aftermath of Hurricane Harvey and those preparing their income taxes. Be on the lookout for properties I’m listing that are being carefully prepared to meet the expectations of buyers.

If you’re considering selling your home allow me to partner with you in determining the right price. Handling the demand, offers and dialog with appraisers requires a seasoned professional like me with systems and processes in place. As a Canyon Creek resident since 1994 I know the intricacies of our community and our hyper-local real estate market. Procuring the maximum dollar for your home in any market is the key to being a successful seller. You need a full service real estate agent who has a long-standing history of doing just that!

 

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.

I take pride in being the most frequently hired Realtor® in Canyon Creek.

A local expert with international connections…..

Check my other posts on the market in Canyon Creek:

 

2nd quarter 2017

 

August 2017

 

July 2017

 

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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2017 Market Trend Reports
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canyon creek september market report

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Rainmaker
3,931,835
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 keeping us informed about the Canyon Creek real estate market.

Oct 10, 2017 04:49 AM #1
Rainmaker
3,711,392
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is a well written market report. Home buyers and sellers in your area will appreciate this information.

Oct 10, 2017 04:51 AM #2
Rainmaker
1,222,770
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Your Alexandria Virginia Real Estate Agent

Dorie, Canyon Creek is a wonderful place to call home and there's no one that knows the neighborhood better than you. It might be the last quarter of 2017 but, sales still remain strong and you're the agent to contact for the best representation. 

Oct 10, 2017 05:21 AM #3
Rainmaker
2,661,857
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Whether you are a buyer looking to move to Canyon Creek, or a homeowner looking to sell, you won't go wrong by working with Dorie Dillard!

Oct 10, 2017 08:06 AM #4
Rainmaker
743,881
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Dorie Dillard , 

I love your graphic. Canyon Creek is a wonderful NW Austin neighborhood and as many buyers and residents will bare testament to, you are the REALTOR® that stands out above the rest to help clients with their Canyon Creek real estate needs. 

Oct 10, 2017 09:32 AM #5
Rainmaker
2,779,895
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Dorie -- once again you show why you are the smart choice for people looking to make a move in Canyon Creek.  Buyers and sellers alike will be in very capable hands when they choose you.  

Oct 10, 2017 01:50 PM #6
Ambassador
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Dorie, thanks for the update on what's happening in Canyon Creek.

Oct 10, 2017 04:54 PM #7
Ambassador
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I enjoyed both the logic and the layout of your Canyon Creek market update Dorie Dillard 

Oct 10, 2017 10:56 PM #8
Rainmaker
4,272,318
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Canyon Creek home sellers will be in very good hands when they select you as their listing agent.

Oct 11, 2017 06:25 AM #9
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Dorie Dillard

Serving Buyers & Sellers in NW Austin Real Estate
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