Home sales for Canyon Creek are in for October 2019. The real estate summer market slowed in August and September as families turned their attention to getting students ready to go back to school and kids off to college. It happens every year. Buyers are out there on the hunt, but are just moving at a bit slower pace. We see days on market of active properties increasing.
Buyers need housing and are anxious to take advantage of the current low interest rates but are resisting escalating prices, if they are not perceived as a good value. Sellers, inventory is down but don't let this go to your head. You need to justify your list price with solid comparable sold sales.
Active Listings in Canyon Creek
As of October 31, 2019 there are only 6 active resale homes in Canyon Creek out of 1,330+ homes in the community!
Pending Sales in Canyon Creek
As of October 31, 2019 there are 3 homes under contract.
Homes Sales in October 2019
Only 3 homes closed, down 76% from homes closed in October 2018. The 3 sold properties were up 5% in sold price. The days on market in October 2019 were down 90% and price/square foot prices were up 6% from October 2018. Our prices are rising (not as much as Central Austin) and we need quality inventory to meet the demand.
A note to sellers in Canyon Creek:
Today’s buyers are knowledgeable with facts in hand and want a home that is well maintained and priced to current market sales.
2019 has been another record year for home values, and we expect to remain active throughout the rest of 2019. If you’re considering listing during the holidays or thinking about the spring market you need to partner with me 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've been a neighborhood specialist and actively involved in the market with first-hand knowledge of inventory fluctuations and home values in our community. Procuring the maximum dollar for your home is always my goal. You need a full service real estate agent who has a long-standing history of producing results! Call or drop me a line so we can discuss. Melissa Stout is my daughter and grew up in NW Austin. She can help you too!