Home sales for Canyon Creek are in for November 2017! If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! There is only a 2+ months plus supply of inventory homes and buyers are waiting for fresh properties to come on the market.
Real estate has been traveling at light speed in residential real estate for the last 8 years. Recently we’ve experienced a modest slow down but remember the Texas economy hit a snag with the massive destruction of Hurricane Harvey. 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! As of November 30, 2017 there have been 69 homes closed down 10% in number from 2016 (77). The sold price is up 1.75% so still headed upward. I will be watching the numbers in December to see how the 2017 year ends up in Canyon Creek.
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 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 November 30, 2017 there’s 13 Active resale homes (at this time 1 condo in the Villas of Canyon Creek) in Canyon Creek priced from a low of $389,500 to a high of $599,950 with average days on market of 114 days. Five of these homes have been on market for over 171 days. There is a 2+ month’s supply of homes.
Pending Sales in Canyon Creek
As of November 30, 2017 there are 3 homes under contract waiting to close with an average of 148 cumulative days on market. Buyers are looking for well-priced and well-presented listings.
Homes Sales in November 2017
6 homes closed in the Canyon Creek Subdivision in November, 14% less than November 2016 (same numbers as in October 2017). The 6 sold homes enjoyed a 97.8% List to Sell Ratio (of the last list price) down 1% from 2016 and days on market were up 25% compared to November 2016.
A note to sellers in Canyon Creek:
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: November 2017 home sales in Canyon Creek decreased by 14% (1 less home) over 2016. Sold prices decreased by 5.5%. The price/square foot of homes sold in November 2017 decreased by 5.3%. The square foot size of the homes sold was about the same as in 2016. Well-presented and priced properties received offers in an average of 20 cumulative days.
Don’t let the holidays prevent you from listing your home. Buyers looking in December are eager to find a home and are out looking for fresh new properties on the market.
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 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 always my goal. 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:
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 firstname.lastname@example.org 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:
Please visit the website I provide for the community: CanyonCreekNews.com.