2019 Canyon Creek First Quarter Market Report

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.750.6899

Canyon Creek, Austin TX 78726 is one of the most desired communities in NW Austin. It’s located just off the outer loop of Hwy 620 between Anderson Mill Road and Hwy 2222 in NW Austin.

 

It’s a prestigious master planned neighborhood with 1,330+ homes of really nice people. You’ll find it contains two parks, a Junior Olympic pool, lighted tennis courts, nature trails, top notch public schools, close proximity to our lakes and extensive entertainment and dining options. Canyon Creek homes range from the mid $300,000’s to the high $600,000’s and includes 2 gated sections offering detached garden/condo home living options; The Villas at Canyon Creek and The Enclave plus Canyon Creek West a David Weekly built community of 47 homes.

Filled with stunning homes, a meticulously landscaped entrance and perfect location, Canyon Creek draws buyers from all across the country. Canyon Creek residents are assigned to the highly accredited Round Rock School District with the exemplary Canyon Creek Elementary located in the middle of the community. Annual HOA dues are currently $440 per year and covers maintenance of the entrance and entrance into each section, open space, pool and tennis courts. The property tax rate is 2.309 per $100 evaluation.

Here is the Canyon Creek report for First Quarter for 2019

 The number of home sales in the First Quarter decreased by 36% compared to First Quarter of 2018. The average sold price decreased by 8%, and the average price per square foot increased by 10%. Buyers purchased smaller homes as evidenced by the decrease in the average square footage by 16%. 5 0f the 7 homes sold were priced $400,000 and under and were all under 2,700 square feet.

 

Homes Sold

 

Currently as of March 31, 2019 there are 5 active homes on the market with average cumulative days on market of 64 days and 7 Contract Pending homes on the market with average days on market of 6 days. Sellers learned from last fall’s slow market in Canyon Creek that over pricing only leads to reductions in their “imagination pricing” leaving them with no offers and frustrations of no showings as the buyer’s resisted overpricing. Sellers coming on the market priced at market value and staged well have been rewarded with offers! Spring market is out in full force so if you’ve been thinking now is the time to sell you are right! Buyers have anxiously been waiting for new listings and before interest rates go up they are out buying!

 

 

 

First Quarter 2019 Market Summary in Canyon Creek:

- Closed 36% fewer homes

- 7 Contract Pending Home

- Inventory is 2+ months

- Average Sold price decreased by 8%

- Average Sold price per square foot increased by 9%  

- Days on market are down 26%

- Average list to sell ratio - 99% - 2% more (taken from last list price)

- Now is definitely the time to buy or sell

 

All sold information is derived from the Austin MLS system.  If any Canyon Creek area homes traded hands without a REALTOR® involved; then it won't be reflected in this report.

This 2019 First Quarter Canyon Creek Market Report is provided for general information only and does NOT replace a comprehensive market analysis.  This report is informational, to obtain specific advice and counsel on your home contact me to review your personal residence at 512-750-6899.

 

The Austin market is going to keep on setting records....Texas is on a roll and not stopping anytime soon. It’s the downtown areas and East Riverside that are sought after by many relocating buyers. Canyon Creek is competing with new construction in outlying suburbs. Many buyers want new construction and are looking at what will be worth more in 5 – 10 years.

 

Have you identified your short and long term housing needs? Are you getting left behind? Decision time is now. 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 like me 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. I strive for procuring the maximum dollar for your home in any market. You need a full service real estate agent who has a long-standing history of doing just that!

   

I promise an insightful conversation about the marketability of your home plus a counseling session covering cost saving ideas for staging your home for market. I offer hands-on Professional guidance for all your real estate needs.

 

A local expert with international connections…..

 

Search Canyon Creek and NW Austin

 

 

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Tags:
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Rainmaker
3,337,614
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Dorie- - -you have provided a nice overview of Canyon Creek for the unitiated as well as detailed information for those who live or are familiar with this Austin master planned community. 

Apr 05, 2019 08:38 AM #1
Rainmaker
1,921,891
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Dorie - sellers in Canyon Creek need to rely on your deep knowledge for the right market pricing.

Apr 05, 2019 09:02 AM #2
Ambassador
1,924,650
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

What a beautiful Market Report on Canyon Creek. Your name comes to my mind anytime I hear the name of this community. I would certainly refer to any client I have looking to relocate. Anyone looking to buy or sell would be wise to call you 

Apr 05, 2019 01:58 PM #3
Rainmaker
2,917,357
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Dorie.

I read an article just the other day, stating home prices are rising (at least in our area).  It appears the market is slowing down where you are

Apr 06, 2019 02:19 AM #4
Rainmaker
2,550,632
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Canyon Creek seems like such an amazing community and if I knew of anyone wanting to move there, I would certainly refer them to you!

Apr 06, 2019 06:21 AM #5
Rainmaker
2,304,160
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Dorie: An incedibly detailed preview of the Canyon Creek real estate market! As a resident you are the logical choice to assist both buyers/sellers in this community.

Apr 07, 2019 05:44 AM #6
Ambassador
1,853,400
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I know one thing for certain, if anyone knows the real estate market and lifestyle in Canyon Creek, it's you!  There is no better choice - you are the only REALTOR® to hire in this wonderful planned community in NW Austin, Texas.  

Apr 07, 2019 06:54 AM #7
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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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