List to sell ratio is 97% ~ NW Austin TX ~ Canyon Creek Community Nov. 2014
I am the “most frequently hired Realtor® in the Canyon Creek Subdivision.” I offer hands on Professional guidance for all your real estate needs.
Are you looking for the latest statistics for the real estate market in NW Austin, TX in the Canyon Creek Subdivision for November 2014? Are you wondering if it is the right time to sell or buy a home? This report reviews the current market conditions and expectations as we begin the third month in fourth quarter of 2014. Hard to believe 2015 is right around the corner!
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 mid $300,000’s to the mid $600,000’s and includes 2 gated sections offering detached garden/condo home living options.
Active Listings in Canyon Creek
As of December 1, 2014 the inventory in Canyon Creek shows 4 resale homes on the market. There is a little more than a month’s supply of inventory thus Canyon Creek enjoys a true seller’s market. If you are thinking of selling in Canyon Creek now is an excellent time to list your home. If you are priced and staged well your home will attract buyers looking to make offers. If you’re a buyer I have several new listings coming on market so give me a call for details.
Pending Sales in Canyon Creek
There are currently 5 pending resale homes in Canyon Creek. This demonstrates buyers are making offers but are taking their time to find the right home to meet their needs. Days on market are definitely longer than last year at this time. Buyers are resisting a continued increase in prices. The rush to buy ebbed due to the shortage of quality inventory and an alarming increase in the price per square foot. Canyon Creek sellers who price their homes according to current market conditions will benefit with the opportunity to sell.
Homes Sales in November 2014
There were 5 closed resale home sales in Canyon Creek Subdivision in November 2014 down 38% from November 2013. These homes enjoyed a 97% list to sell ratio! Homes stayed on market 612% longer but sold prices were up 9%. Inventory is still low while demand is high. Buyers are more selective in their home buying choices and they are not racing to make an offer. The frantic pace of the spring 2014 market jaded many buyers pushing them to rentals. The natural slowdown of the summer months was exacerbated by the lack of quality listings.
Looking at the Pending Properties pricing is weaker versus the higher prices in the spring. Many sellers are waiting to come on the market in first quarter now that the holiday season is upon us. Sellers need to remember that with the numbers of buyers moving to Austin and the need for housing, it might be a good time to list your home while inventory is so low.
Canyon Creek Real Estate Summary
Bottom line: The current Canyon Creek real estate market exists with a slower more controlled pace and a low inventory of homes. Appraisers are finding it easier to make value due to recent sold data. Handling the demand, offers and dialogue with appraisers requires a seasoned professional like myself with systems and processes in place to obtain fairly, the highest and best price for sellers. The demand continues to increase exponentially with the growth of the population of Austin. We have many listings coming on market and are carefully preparing them to meet the expectations of the buyers.
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, then 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 can range dramatically; please consult with me to determine your specific values. Put my expertise to work for you, call me at 512-346-1799 for a free comparable market analysis on your home.
Check my other posts on the market in Canyon Creek:
Canyon Creek Third Quarter Market Report for 2014
Canyon Creek Second Quarter Market report for 2014
Please visit the website I provide for the community: CanyonCreekNews.com. I am your Canyon Creek Resource!
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