Canyon Creek Market Report January 2018~Austin, TX

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.346.1799

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:

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, 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.

Search for homes in NW Austin

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Topic:
Real Estate Market Trends
Location:
Texas Travis County Austin
Groups:
Texas Real Estate
Local Expert
Addicted to Active Rain
All Real Estate - Today and Tomorrow
2018 Market Reports
Tags:
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austin tx
canyon creek
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mark sprague
dorie dillard
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Rainmaker
2,733,116
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Now IS the time....with thin inentory and interest rates bouncing the best time is NOW with Dorie Dillard in Canyon Creek !

Feb 08, 2018 04:47 AM #1
Rainmaker
2,600,643
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Dorie. Buyers in Canyon Creek need to move fast and need your expert services not to miss the best choice. Enjoy your day!

Feb 08, 2018 04:47 AM #2
Rainmaker
691,452
Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Two Decades Of Experience Selling Luxury Homes...

Canyon Creek buyers and sellers would be wise to consult with you Dorie Dillard  before they make any real estate decisions. 

Feb 08, 2018 04:55 AM #3
Rainmaker
4,198,642
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Dorie.  Thanks for the information and update about the Canyon Creek real estate market in Austin, TX.

Feb 08, 2018 05:08 AM #4
Rainmaker
1,498,187
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Dorie - excellent market in Canyon Creek.  Buyers will see their investment grow while living in a highly desirable area.

Feb 08, 2018 05:15 AM #5
Rainmaker
2,614,209
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

There was lots of talk about Austin after the Amazon super bowl ad. Have a good Thursday Dorie Dillard , i have to go navigate the snow and ice still on the roads

Feb 08, 2018 05:30 AM #6
Rainmaker
1,465,717
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

this is such a great delivery of the market conditions in Austin - clearly you are the agent with the real market knowledge!

Feb 08, 2018 06:00 AM #7
Rainmaker
3,954,574
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Feb 08, 2018 10:25 AM #8
Rainmaker
1,365,957
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Dorie Dillard, if I was buying or selling a home in Canyon Creek or anywhere else in Austin TX, I would definitely call you. Your market knowledge and marketing are like none other.

Feb 08, 2018 11:14 AM #9
Rainmaker
849,115
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Dorie Dillard - Nothing like a rosey outlook to bring out the buyers and seller in Canyon Creek. 

Feb 08, 2018 03:43 PM #10
Rainmaker
1,396,655
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Dorie,

 That is definetly good news for sellers but buyers need to buy now, if they see something they like they better go for it.

Feb 08, 2018 03:49 PM #11
Rainmaker
2,328,977
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

I feel like I know Canyon Creek so well. You do an excellent job on the market reports for this community, Dorie.

Feb 08, 2018 05:44 PM #12
Rainmaker
149,024
Corey Martin
Martin Presence Group - Ruston, LA
Real Estate and Management Solutions

I'm glad to hear that the value of homes in your area continues to increase. The real estate markets seem to be doing well in many areas. Thank you for sharing. 

Feb 08, 2018 06:47 PM #13
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Rainmaker
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Dorie Dillard

Serving Buyers & Sellers in NW Austin Real Estate
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