July 2021 Home Sales in CANYON CREEK

By
Real Estate Agent with Coldwell Banker Realty ~ 512.750.6899

CANYON CREEK’S home prices are rising and don’t expect to see that changing even though we are in the dog days of summer and many are gone on vacations to take a much needed break.

Median prices rose precipitously in the first half of 2021. Inventories are at record lows, developers and builders cannot build quick enough to meet demand and interest rates are still low!

Lending parameters are strict and there are more credit-worthy borrowers because they are equity and savings rich. Real estate in Austin as well as in Canyon Creek has been undervalued for years. We’re in the process of a price shift as more, great jobs and people move to our area.

With only a handful of properties to choose from buyers are finding the market incredibly challenging with the dramatic appreciation in prices. Newcomers arriving from NYC or San Francisco come with impressive salaries at their disposal.  In July, 10 listings closed with an average price increase of 51% compared to last year. The average square footage increased 6% as buyers elect to purchase larger homes so they can spread out to meet their demands.

 

ACTIVE LISTINGS:

THREE homes for sale out of 1,300+ homes 

 

PENDING LISTINGS:

SIXTEEN homes Under Contract 

 

SOLD LISTINGS:

TEN homes SOLD

Our homes are appreciating quickly, sold comparable data more than a month old are not relevant. We have less than a month of inventory.

Looking at pending properties in Canyon Creek gives us an indication of what the traffic will bear and level of the buyer’s appetite. More hopeful buyers are accelerating their home buying timelines. Building equity is more important as most consumers want to swap volatile monthly rents with steady monthly mortgage payments. We may not be seeing the number of offers as in the spring when the market was in such a frenzy. Buyers are feeling they can take a breath before submitting their highest and best offer and this is good for a healthy transaction.

Thinking of selling or making a move? Even in this market there is a strategy and method to selling. We can help you over the hurdles with no stress, just candid, reliable advice. Let’s collaborate with solid planning to address the most important items to ready your home for market to obtain top dollar. Contact us and let’s see how we can help YOU!

 

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Comments (9)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dorie I bet you have the majority of those active listings.  Good job on the report.

Aug 03, 2021 01:13 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Dorie- those home sales in Canyon Creek are due partly to your efforts!!!  

Aug 03, 2021 04:37 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Canyon Creek home buyers and sellers are sure to value your real estate Market report, Dorie.

Aug 04, 2021 02:05 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I can always count on you to keep me up to date with what is going on in Canyon Creek!

Aug 04, 2021 06:51 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Dorie! Looks like you are keeping that market on fire this year.

Aug 04, 2021 07:54 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Dorie - those prices reflect some good appreciation.  Like George says you probably have the large part of Canyon Creek sales.

Aug 05, 2021 03:47 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Aug 13, 2021 07:09 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for sharing the market report on sales in Canyon Creek - I am sure that many of these properties were listed or sold by you! 

Aug 15, 2021 09:49 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

What a wonderful report on Canyon Creek, Dorie. Like you, the bidding wars have been tempered a bit and I, for one, am so happy to see this. Buyers need some time to make a decision - even if they just get a night to discuss it, pray on it or sleep on it!

Aug 15, 2021 04:53 PM