Are you familiar with Canyon Creek ? It’s 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. Homes range from the mid $300,000’s to the mid $600,000’s.
It includes 2 gated sections offering detached garden/condo home living options: The Villas of Canyon Creek, and The Enclave. There are another 47 single family homes built by David Weekley in a section called Canyon Creek West.
Home sales for Canyon Creek are in for January 2019. If you’re wondering if it is the right time to sell or buy a home…the answer is definitely yes! There is less than 1 months’ supply of inventory in Canyon Creek. Buyers are waiting for new listings to hit the market.
Active Listings in Canyon Creek
As of January 31, 2019 there are only 2 Active resale homes in Canyon Creek and one of them has a contingent offer. There are 1,330+ homes in the community so inventory is a tiny fraction of homes! They are priced from a low of $370,000 to a high of $549,000 with average cumulative days on market of 165 days.
Pending Sales in Canyon Creek
As of January 31, 2019 there are only 2 Contract Pending homes on the market. With 2 Active and 2 Contract Pending homes it’s not a wonder buyers are disappointed with few choices. We need inventory….sellers are you listening?
Homes Sales in January 2019
As of January 31, 2019 in Canyon Creek, 1 home closed, down 50%from January 2018. The 1 sold home enjoyed a 100% List to Sell Ratio (from the last list price) up 3% from 2018. It was a two story home with a pool backing to a green space. The days on market in 2019 were down 19% compared to 2018. January is typically a slow closing month because most buyers want to close by the end of the year so they can file for their Homestead Exemption after January 1.
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 rising interest rates, 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.
However with the expansion of Apple there is renewed interest in homes close to the new campus and there is limited resale opportunities. There are new communities close to the campus that are seeing record sales because they can offer new construction options at affordable prices.
Canyon Creek Real Estate Summary:
Bottom line January 2019 Canyon Creek Homes sales:
- Number of homes sold decreased by 50%
- List price negligible difference
- Sold price increased by 3%
- List price per square foot negligible difference
- Sold price per square foot increased by 4%
- Number of days on market decreased by 19%
We need Inventory!! Are you considering selling in the near future? Are you curious about your home’s value or how to prioritize updates/repairs before selling? Let’s have a no pressure conversation to discuss your home/situation. It makes a difference when the agent you hire keenly follows neighborhood trends and market dynamics.
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.
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