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.
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.