How were 2018 November home sales in Canyon Creek NW Austin?

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

How were 2018 November Home Sales in Canyon Creek NW Austin?

Canyon Creek is one of the most desired neighborhoods in NW Austin. It’s a prestigious master planned community that contains two parks (Canyon Creek Park and Trailhead Park), 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.

Buyers moving to Austin often 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. It’s conveniently located on Hwy 620 between Anderson Mill Road and Hwy 2222. HOA dues are a reasonable $400 a year (unless living in the 2 gated sections) and the property tax rate for 2018 is 2.3268 per $100 valuation. 

It includes 2 gated sections offering detached garden/condo home living options, The Villas of Canyon Creek, The Enclave and Canyon Creek West (47 single family homes built by David Weekley.)

Home sales for Canyon Creek are in for November 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’ supply of inventory in Canyon Creek. Buyers are waiting for fresh properties to come on the market.

Active Listings in Canyon Creek

As of November 30 there are only 6 Active resale homes and condos in Canyon Creek. There are 1,330+ homes so this is less than 1/2% of the homes! They are priced from a low of $350,000 to a high of $555,000 with average cumulative days on market of 202 days.  

Pending Sales in Canyon Creek

As of November 30 there are only 2 Contract Pending homes on the market. With 6 Active and 2 Contract Pending homes it’s not a wonder now is a good time to list your home!

Homes Sales in November 2018

 

As of November 30 in Canyon Creek 3 homes closed in November, down 50%from November 2017. The 3 sold homes enjoyed a 98% List to Sell Ratio (of the last list price) same as in 2017 however days on market were up 305% compared to the previous November…. That is huge!! 

A note to sellers in Canyon Creek:

More than ever before “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 possible rising interest rates, they resist overpriced listings and many young relocating millennials are looking closer in to be where the action is in Austin! The 78741 zip code (East Riverside) is where most relocating buyers are making offers and finding themselves in strong competition for homes. Remember the old adage..location...location!

The current active homes in Canyon Creek are seeing elevated days on market (average 202 days) and we’re seeing many price reductions as we head into December. The cold, wet rainy weather in October contributed to fewer buyer showings so fewer sales in November.

Homes in Canyon Creek in the low $400,000 are sought after as more buyers qualify in this price range.

Canyon Creek Real Estate Summary


Bottom line in November Canyon Creek Homes sales:

  • Number of homes sold decreased by 50%
  • List price decreased by 9%
  • Sold price decreased by 9%
  • List price per square foot decreased by 4%
  • Sold price per square foot decreased by 4%
  • Number of days on market increased by a whopping 305%

Let me assist you in identifying your short and long term housing needs. With interest rates possibly rising along with decreasing inventory now is the time to make your move. Preparation is the key to presenting 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

Homes in Canyon Creek Subdivision in NW Austin, TX that are selling the quickest have several characteristics in common:

- 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!

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 Canyon Creek and NW Austin

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Topic:
Real Estate Market Trends
Location:
Texas Travis County Austin
Groups:
All Thing's Texas
Local Expert
Addicted to Active Rain
All Real Estate - Today and Tomorrow
2018 Market Reports
Tags:
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nw austin
dorie dillard

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Rainmaker
2,969,591
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

You are soooo lucky...in our immediate area...including our subdivision there are NO homes for sale...sigh...sell on !

Dec 06, 2018 04:20 AM #1
Rainmaker
2,929,208
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Dorie. It's definitely your market! Any real competition? Enjoy your day!

Dec 06, 2018 04:21 AM #2
Rainmaker
4,599,758
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Dorie Dillard CRS GRI ABR wow....what a great difference between the past two years.... our market is approaching that I fear!

Dec 06, 2018 04:33 AM #3
Rainmaker
3,043,078
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning,  Dorie - savvy NW Austin homebuyers/sellers deserve your local knowledge and finely tuned skills as this real estate update on Canyon Creek underscores. 

Dec 06, 2018 04:44 AM #4
Rainmaker
1,428,629
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Dorie, your Canyon Creek market report really puts things in perspective for buyers and sellers. You are immersed in the market and define what it is to be the local expert. There's no one else buyers or sellers need to contact to navigate the Canyon Creek market. 

Dec 06, 2018 05:38 AM #5
Ambassador
2,894,711
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I always enjoy seeing your perspective on what Canyon Creek‘s housings market  is doing from month to month Dorie Dillard CRS GRI ABR 

Dec 06, 2018 06:07 AM #6
Rainmaker
1,694,324
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Dorie - I think that you comments about Millennials and close to work are spot on.  We see that here.

Dec 06, 2018 12:25 PM #7
Ambassador
3,615,744
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dorie all the figures seem to be going in the wrong direction, hopefully that will change in 2019

Dec 06, 2018 02:40 PM #8
Rainmaker
4,957,629
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families moving to the area will appreciate your local market reports.

Dec 07, 2018 05:02 AM #9
Rainmaker
1,855,810
Patricia Feager, MBA, CRS, GRI
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Dorie Dillard CRS GRI ABR - There is no doubt about it, you are a valued added Agent who knows the market in NW Austin. Canyon Creek is a desirable location and you have that covered like the true expert you are!

Dec 07, 2018 05:09 AM #10
Rainmaker
4,627,825
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 keeping us updated about the Canyon Creek real estate market.

 

Dec 07, 2018 06:40 AM #11
Rainmaker
2,844,477
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Dorie,  Thanks for the information.  Always gald to see  what is having in other areas for Real Estate!

Dec 08, 2018 09:00 AM #12
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Rainmaker
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Dorie Dillard CRS GRI ABR

Serving Buyers & Sellers in NW Austin Real Estate
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