July 2020 Homes Sales Are In For Canyon Creek
Our market begin to emerge from the Covid-19 Shelter In Place orders and boy did things take off! The big news is the median and sold prices increased!
Active Listings in Canyon Creek
As of July 31, 2020 there are only 4 active resale homes in Canyon Creek out of 1,330+ homes in the community (3 are in the gated section of the Enclave.). Inventory is anemic....we need homes to list!
Pending Sales in Canyon
As of July 31, 2020 there are 4 homes under contract (2 of them are my listings). Just as expected new listings in July came on the market and were quickly gobbled up by anxious buyers waiting for new inventory. So many are in need of housing, we just can't keep up with the demand!
Homes Sales in July 2020
July sales were down 22% but sold prices were up 6% and sold price/square foot was up 11% Buyers who closed were thrilled with their low interest rates! Median price was up 13% year over year.
A note to sellers in Canyon Creek:
We have to analyze the data and price where the market is supporting. Multiple offers seem to be the norm and not sure when that will slow with our record low inventory continuing. Need help in navigating these waters? Drop me DM or call, I’m happy to have a low pressure conversation on how I can help.
I and Coldwell Banker are moving forward to help our clients who have real estate needs. So much can be done via phone, email and digital signatures today. “I'm Open for Business but just not Business as Usual.” We've established best practices and are closely monitoring the market to advise our clients in this new era. We're here to help!
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.
Melissa Stout is my daughter, grew up in NW Austin and had been with the NW Austin Coldwell Banker office for over 4 years. She can help you too!