Home sales for Canyon Creek are in for November 2019. The fall market was active but the largest hurdle is finding well priced and stage inventory. Buyers are out there still on the hunt to close on a home by the end of the year. Days on market of Active properties in Canyon Creek have topped at 86 days. There are deals to be had!
Buyers need housing and are anxious to take advantage of the current low interest rates but are looking for well cared for and updated properties. 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 December 1, 2019 there are only 5 active resale homes in Canyon Creek out of 1,330+ homes in the community!
Pending Sales in Canyon Creek
As of December1, 2019 there are only 2 homes under contract. This number will change as buyers make a decision to close on a house by the end of the year.
Homes Sales in November 2019
Only 2 homes closed, down 33% from homes closed in November 2018. The 2 sold properties were up 24% in sold price. The days on market in November 2019 were down 93% and sold price/SF prices were up 25% from November 2018. Our prices are rising on quality listings. We need quality inventory!
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 in Canyon Creek, and we expect to remain active throughout the balance of 2019.Values are increasing but the number of homes sold are decreasing. In 2018 there were 79 homes closed. As of December 1, 59 homes closed and there are only 2 homes pending (hoping there will be more). If the number of homes sold total 61 (59 plus 2) the number we will be down 30% from 2018. I'm betting on more closed sales by December 31st.
The talk of more jobs coming to Austin translates to more folks headed our way! I've been listening to local economists and their predictions for 2020. As long as jobs keep coming this way they see extra innings in our bullish market in Austin. Housing prices may be going up but Austin is seeing one of the countries biggest jumps in personal income.
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! Give me a call or drop me a line and we can discuss. Melissa Stout is my daughter and grew up in NW Austin. She can help you too!