Canyon Creek Market Report October 2017

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.346.1799
http://actvra.in/58Cs

Fourth quarter is in full swing with one month down and only 2 remaining before we ring in 2018! If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! The Texas economy 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! What really makes Texas truly special is the people. Texans are generous and caring people by nature and that compassion is the foundation of our success!

 

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 early 2018.

 

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

 Active Listings in Canyon Creek

As of October 31, 2017 there’s 12 Active resale homes (at this time no condos or garden homes) in Canyon Creek priced from a low of $395,000 to a high of $599,950 with average days on market of 112 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 October 31, 2017 there are 8 homes under contract waiting to close with an average of 31cumulative days on market. Buyers are looking for well-priced and well-presented listings. When found they are prepared to make offers.

 

Homes Sales in October 2017

6 homes closed in the Canyon Creek Subdivision in October, 14% less than October 2016. The 6 sold homes enjoyed a 99% List to Sell Ratio (of the last list price) and up .5% from 2016 and days on market were down 8% compared to October 2016. 

 

Sellers must travel further to meet expectations of buyers.

 

Today’s buyers are savvy about current home values and available inventory. They are concerned about rising interest rates and resist 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. Hiring the right NW Austin Realtor is critical in your home selling success.

Canyon Creek Real Estate Summary

Bottom line: October 2017 home sales in Canyon Creek decreased by 14% (1 less home) over 2016. Sold prices decreased by 2%. The price/square foot of homes sold in October 2017 increased by 7%. The size of the homes sold decreased by 8% 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 22 cumulative days.

Our fall market is in full swing. I listed 5 homes this fall after sellers carefully prepared their homes to meet the expectations of buyers. All are under contract with 2 already closed.

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:

 

September 2017 Market Report

 

August 2017 Market Report

 

3rd Quarter 2017 Market Report

 

Posted by

 Follow me on Google+

 

                              Don't forget to visit my website: www.reloaustin.com

 

             

 

               Follow Me on Pinterest button

          

                                            

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

 

Save

 

Save

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Texas Travis County Austin Canyon Creek
Groups:
Texas Real Estate
Local Expert
Addicted to Active Rain
All Real Estate - Today and Tomorrow
2017 Market Trend Reports
Tags:
austin tx
canyon creek
nw austin tx
dorie dillard

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
742,816
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Dorie Dillard - whether the Canyon Creek market is up, down or mixed, there is no better REALTOR® to help buyers or sellers in the Canyon Creek market. Go get em Dorie!

Nov 06, 2017 08:04 PM #1
Ambassador
3,365,087
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

The prices overall are still good and now is a great time to buy while interest rates are down.

Nov 06, 2017 08:15 PM #2
Ambassador
2,516,622
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I like all that you do in Canyon Creek Dorie Dillard 

Nov 06, 2017 09:16 PM #3
Rainmaker
3,928,219
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.

Nov 07, 2017 05:25 AM #4
Rainmaker
4,269,398
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

Nov 07, 2017 06:32 AM #5
Rainmaker
1,366,417
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Dorie - the time to buy or sell in Canyon Creek is now.  You are their best resource.

Nov 07, 2017 08:21 AM #6
Rainmaker
2,779,660
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Dorie -- regardless of the "timing" when someone wants to know about Canyon Creek real estate -- your contact information should be top of mind -- I know it is for me.   

Nov 08, 2017 06:21 AM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,200,709

Dorie Dillard

Serving Buyers & Sellers in NW Austin Real Estate
Ask Dorie a question..
*
*
*
*
Spam prevention

Additional Information