Home sales for Canyon Creek are in for January 2018! If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! There is a 2+ months plus supply of inventory which is a seller’s market and buyers are waiting for fresh properties to come on the market.
According to Mark Sprague “real estate has been traveling at light speed in residential real estate in Austin with 60% appreciation on residential real estate in the last 10 years and has “slowed but not declined.”
Eldon Rude from 360 Real State Analytics gives Austin a positive outlook for the housing market in Austin for 2018. Population is forecasted to grow around 3% annually through 2030. Unemployment remains low at 2.7% per year. Companies like Facebook, Google, Indeed, HomeAway and Parsley Energy are committed to expanding in Austin. In the past 18 months they have leased a combined 1.46 million square feet.
Buyers seeking jobs in Austin 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
Here are the most up-to-date stats on the Canyon Creek neighborhood...
Homes Sold in January
Active Listings in Canyon Creek
As of January 31, 2018 there’s 11 Active resale homes (at this time 1 condo in the Villas of Canyon Creek) in Canyon Creek priced from a low of $368,500 to a high of $595,000 with average days on market of 131days. There is a 2+ month’s supply of homes.
Pending Sales in Canyon Creek
As of January 31, 2018 there are 2 homes under contract waiting to close with an average of 132 cumulative days on market.
Homes Sales in January 2018
As of January 31, 2018 in Canyon Creek 4 homes closed, up 33% from January 2017. The 4 sold homes enjoyed a 97% List to Sell Ratio (of the last list price) up 1% from 2017 and days on market were up 260% compared to January 2017 (partly due to 1 home on the market for 180 days).
A note to sellers in Canyon Creek:
Sellers must travel farther 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. Preparation is the key to presenting your home in its best light coupled with listing at market price. Let me help you go from Active to Sold while achieving the highest List to Sell ratio.
Hiring the right NW Austin Realtor is critical in your home selling success.
Canyon Creek Real Estate Summary
Bottom line: January 2018 home sales in Canyon Creek increased by 33% over 2017. Sold price increased by 3.6%. The price/square foot of homes sold in January 2018 increased by 2.9%. The square foot size of the homes sold was 2.5% higher than in 2017. Home appreciation slowed to a more realistic rate, but is steady and more in line with expectations.
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.