Canyon Creek June 2018 Market Report ~ Austin TX
Home sales for Canyon Creek are in for June 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 in Canyon Creek which is a strong seller’s market. Buyers are waiting for fresh properties to come on the market.
Buyers seeking jobs in Austin usually consider living in the Canyon Creek Subdivision because of its rolling hills topography, broad tree-lined streets, neighborhood diversity, excellent schools, location to Lake Travis and major arteries to reach employers.
Canyon Creek is one of the most desired neighborhoods in NW Austin. It’s a prestigious master planned community that contains two parks, a Junior Olympic pool, tennis courts, nature trails, close proximity to 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...
Active Listings in Canyon Creek
As of July 1, 2018 there are 18 Active and Active Contingent resale homes and condos in Canyon Creek. They are priced from a low of $367,500 to a high of $600,000 with average cumulative days on market of 81 days. Currently there is a 2+ month’s supply of homes.
Pending Sales in Canyon Creek
As of July 1, 2018 there are 17 Pending homes waiting to close with an average of 61 cumulative days on market. With 18 Active and 17 Pending homes this speaks to a strong buyer demand for Canyon Creek.
Homes Sales in June 2018
As of July 1, 2018 in Canyon Creek 10 homes closed in June, up 25% from June 2017. The 10 sold homes enjoyed a 99% List to Sell Ratio (of the last list price) slightly less than 2017 and days on market were up 60% compared to June, 2017.
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. Homes in Canyon Creek under $500,000 and smaller square footage homes are sought after as more buyers qualify in this price range. Any property in good condition and priced well between $350,000 and $450,000 often are receiving multiple offers. Homes updated with pools are selling quickly with only 12 average days on market. Four out of the 10 homes sold in June featured pools.
Canyon Creek Real Estate Summary
Bottom line: June, 2018 home sales in Canyon Creek increased by 25% over last year and the sold price increased by 7.7%. The price per square foot of homes sold in June 2018 decreased by 2.1%. The square foot size of homes sold was 10 % higher than in 2017 so the increase in sold price was understandable, larger homes = higher prices. Out of the 10 homes sold in June 7 of them were over $500,000 and 4 of them featured pools. There is a strong desire to buy in Canyon Creek but remember days on market are longer.
Preparation is the key to presentng your home in its best light coupled with listing at market 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!
Hiring the right Canyon Creek Realtor® is critical in your home selling success. I’m a business manager providing World Class Service.
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.