Canyon Creek, Austin TX Market Report FEB 2018
Home sales for Canyon Creek are in for February 2018! My most recent market report provides a detailed look at what happened in February 2018 with sales and price trends, along with access to the comparable inventory of homes for sale.
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.
The slower winter season resulted in a continuing shortage of homes for sale in our popular neighborhood. Nevertheless sales have been good with fresh inventory coming on the market.
Buyers seeking jobs in Austin consider living in the Canyon Creek Subdivision because of its rolling hills topography, broad tree-lined streets, neighborhood diversity, excellent schools and close proximity to major employment centers.
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 February
Active Listings in Canyon Creek
As of February 28, 2018 there’s 12 Active resale homes (at this time 1 condo in the Villas) in Canyon Creek priced from a low of $379,900 to a high of $589,000 with average days on market of 139 days. There is a 2+ month’s supply of homes.
Pending Sales in Canyon Creek
As of February 28, 2018 there are 6 homes under contract waiting to close with an average of 29 cumulative days on market.
Homes Sales in February 2018
As of February 28, 2018 in Canyon Creek 5 homes closed, up 400% from February 2017 (only one home closed in 2017). The 5 sold homes enjoyed a 96.8% List to Sell Ratio (of the last list price) the same as in 2017. Days on market were up 120% compared to February 2017 (2 homes were on the market for an average of 216 days which caused the numbers of days on market to go up).
New listings are greeted enthusiastically by buyers attracted to our master planned community as evident with the reduced days on market of 29 days for the 6 pending homes.
A note to sellers:
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.
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 to your home selling success.
Canyon Creek Real Estate Summary
Bottom line: In February 2017 only one home sold that was larger and sold at $629,000. When compared to the 5 sold in February 2018 it was obvious home sales in Canyon Creek increased by 400%.
Homes sold ranged from $431,000 to a high of $510,000 with an average price of $469,200. It only stands to reason the Sold price decreased by 23%. The price/square foot of homes sold in February 2018 decreased by 7%. The square foot size of the homes sold decreased by 15%. The List to sell ratio of these 5 homes held steady at 96.8% of the last list price.
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.