March 2019 Home Sales in Canyon Creek ~ We Need inventory!!

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

Are you familiar with Canyon Creek ? It’s one of the most desired neighborhoods in NW Austin. It’s a prestigious master planned community containing 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 March 2019. If you’re wondering if it is the right time to sell or buy a home…the answer is definitely yes! There is only 2 months’ supply of inventory in Canyon Creek. It’s the spring market and buyers are waiting for new listings to hit the market. If they are priced and stage right they are making offers quickly.

Active Listings in Canyon Creek

As of March 31, 2019 there are only 5 Active resale homes in Canyon Creek. There are 1,330+ homes in the community so inventory is a tiny fraction of homes! They are priced from a low of $472,900 to a high of $595,000 with average cumulative days on market of 64 days.  

Pending Sales in Canyon Creek

As of March 31 2019 there are 7 Contract Pending homes. With 5 Active and 7 Contract Pending homes buyers are making offers on market priced, well staged homes. The average days on market for these 7 homes are 6 days! We need inventory for buyers looking….sellers are you listening?

Homes Sales in March 2019

As of March 31, 2019 in Canyon Creek, only 2 homes closed, down from March 2018 by 67%. The 2 sold properties were 22% smaller in size than in 2018. Buyers were attracted to smaller square footage with quality upgrades. The days on market in March were down 93% compared to 2018.  

A note to sellers in Canyon Creek:

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 March 2019 Canyon Creek Homes sales: 

  • Number of homes sold decreased by 67%
  • List price down 11%
  • Sold price decreased by 9%
  • List price per square foot up 13%
  • Sold price per square foot increased by 14%
  • Number of days on market decreased by 93%
  • Average square footage decreased by 22%

Please note smaller homes closed in March 2019 thus the average price went down but look at the price per square foot price! Smaller homes always garner a higher price per square foot price and especially single story homes.

We need Inventory… We are in the spring market! 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.

Search for homes in Canyon Creek and NW Austin

 

 

 

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Rainmaker
4,869,284
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Hi Dorie Dillard CRS GRI ABR I DO know Canyon Creek....and I know it fairly well because you are the most frequently hired Realtor in Canyon Creek....and that started years ago.... homeowners would be wise to call you for guidance...

Apr 09, 2019 12:09 PM #1
Ambassador
3,742,292
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dorie WOW only a 2 DOM that is amazing.  Hope the inventory picks up so you can keep those sales going.

Apr 09, 2019 01:43 PM #2
Rainmaker
2,827,136
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Dorie.

I agree with George Souto , only two days on the market, that is impressive

Apr 10, 2019 02:06 AM #3
Rainmaker
3,187,386
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Smaller becomes more popular when people don't see condo living as a iifestyle that works for them....keep those sales coming !

Apr 10, 2019 02:36 AM #4
Rainmaker
2,973,855
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Great neighborhood report, Dorie! And clearly Canyon Creek sales are going gangbusters, as well.

Apr 10, 2019 04:56 AM #5
Rainmaker
2,447,185
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Anyone in Canyon Creek that is even thinking about selling their home should definitely contact you to discuss!

Apr 10, 2019 06:19 AM #6
Rainmaker
1,563,870
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Great report Dorie Dillard CRS GRI ABR .

Apr 11, 2019 07:11 PM #7
Ambassador
1,905,662
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Dorie Dillard CRS GRI ABR  Anyone looking in Canyon Creek would be wise to contact you to represent them. Why contact any other agent when they can contact the BEST agent who knows the area and inventory 

Apr 12, 2019 08:21 AM #8
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3,184,739
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

What a fantastic market report, Dorie! There is NO ONE else to call when buying or selling in Canyon Creek - hands-down, YOU are the go-to Realtor® in this fablous neighborhood.

Apr 12, 2019 10:37 AM #9
Ambassador
3,914,146
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Dorie:

I've certainly learned alot about this community over the years from you. This is a wonderful overview of the community and the housing market. Any buyer or seller even just starting to think about buying or selling should pikc up the phone and get in touch with you.

Enjoy your weekend!

Jeff

Apr 12, 2019 02:55 PM #10
Rainmaker
1,526,273
Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Nice report, Dorie. We're a little low on inventory too. Seems to be going around.

Apr 13, 2019 05:33 AM #11
Rainmaker
309,426
Ron Tissier
Chapman Hall Premier Realtors (404) 580-9069 - Atlanta, GA
Defining Homes. Defining Lifestyles.

Awesome graphics and report Dorie!  You clearly are the go to Realtor for Canyon Creek.

Cheers!

 

Apr 13, 2019 07:45 AM #12
Rainmaker
1,505,062
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

You are the expert on Canyon Creek. Great report to update the area.

Apr 17, 2019 08:55 AM #13
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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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