How did homes sell in NW Austin Canyon Creek Subdivision in Fourth Quarter 2017?
I’m proud to say I’m the “most frequently hired agent in the Canyon Creek Subdivision.”
Check out Canyon Creek area single family homes sold in the Fourth Quarter of 2017 compared to 2016. The numbers are in and the days on market decreased by 21 %.
The number of home sales in the Fourth Quarter decreased by 11% compared to Fourth Quarter of 2016. The average sold price decreased 5%, and the average/square footage price decreased by 4%. Homes sold in 2017 were larger by 6%.
I’m doing what I always do and that is to follow the 3 “A’s”: Anticipate, Adapt and Adjust as we move into a more balanced market. We are moving from a sizzling housing market to a more controlled market. Keeping perspective is the key… it’s not all bad to embrace these cooler indicators. Fourth quarter in Canyon Creek showed buyers purchasing slightly larger homes.
Current inventory is staying on the market longer as buyers resist continued increase in price. Sellers, it’s important to be realistic about your pricing and understand you have to travel farther to meet the expectations of the buyers!
Presenting your home in its best light coupled with listing at market price is the key to going from Active to Sold.
As of December 31, 2017 there are 8 active homes on the market in Canyon Creek with average days on market of 116 days. There are 5 pending homes on the market with average days on market of 135 days.
Fourth Quarter 2017 data about homes sales in Canyon Creek:
- Closed 11% fewer homes
There are currently 5 Pending Homes
- Inventory is 2 months +
Average Sold price is down 5%
Average Sold price/per square foot is down 4%
- Days on market down 21 % but active homes are taking longer to sell
- Average list to sell ratio – 98.8% - is the same (taken from last list price)
- Now is the time to buy or sell.
All sold information is derived from the Austin MLS system. If any Canyon Creek area homes traded hands without a REALTOR® involved; then it won't be reflected in this report.
This 2017 Fourth Quarter Canyon Creek Market Report is provided for general information only and does NOT replace a comprehensive market analysis. This report is informational, to obtain specific advice and counsel on your home contact me to review your personal residence at 512-346-1799.
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. I strive for procuring the maximum dollar for your home in any market. You need a full service real estate agent who has a long-standing history of doing just that!
I promise an insightful conversation about the marketability of your home plus a counseling session covering cost saving ideas for staging your home for market. I offer hands-on Professional guidance for all your real estate needs.
A local expert with international connections…..
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