December 2021 Home Sales in Canyon Creek Austin TX

By
Real Estate Agent with Coldwell Banker Realty ~ 512.750.6899

 

We noticed an uptick in activity in December as savvy buyers stayed in the hunt for new opportunities with less competition. While many sellers and buyers were busy shopping, traveling to see family, attending family and company parties, others found by keeping their eyes open during the hustle and bustle they scored a home! 

Many buyers want to get a jump on looming, higher interest rates in 2022 and the Spring rush, therefore are ready and qualified to pounce on new listings! 

The future looks bright in 2022 Austin Real Estate; especially with the announcement of the construction of Uptown ATX. It will eventually feature nearly 7 million square feet of offices, apartments, stores, and hotel space, as well as a new MetroRail station. The site is already home to IBM’s campus. This close by project at the Domain is another plus for those living in Canyon Creek.

December Home Sales are down 50% over 2020 December 2020 Sales.  Low inventory continues to plague our market. There are only 2 Active listings on the market in Canyon Creek at this time (both been on the market over 85 days with several price adjustments)!

   

The average sold price is up 24% compared with last December and days on market are down 94%. The sold price/per square foot is up 54%. There are plenty of comparable sold properties to support the value of new listings.

 Austin and Canyon Creek real estate has been undervalued for years. Real Estate Sales came out of COVID stronger than expected with a market pressed for inventory. It will take several years to catch up. 

ACTIVE LISTINGS:

TWO homes for sale out of 1,300+ homes  

PENDING LISTINGS:

FOUR homes Under Contract  

SOLD LISTINGS:

THREE homes SOLD

We have less than a month’s inventory of homes folks and buyers are looking for fresh, well presented properties!

Canyon Creek is a phenomenal master planned community, and we are fortunate to have a strong HOA Board committed to making a difference in holding our community to high standards.

We serve our clients by arming them with strong market knowledge and seasoned experience. Curious about what your home is worth? Reach out for a low-pressure conversation about your home value and some easy projects to maximize your value prior to marketing your home.  Let’s see how we can help YOU!

 

Posted by

Austin TX Canyon Creek Real Estate Agent

(512) 750-6899
CALL OR TEXT

EMAIL ME

My ActiveRain Blog

ReloAustin.com
Austin Real Estate Website

CanyonCreekNews.com
Canyon Creek Neighborhood

I specialize in Listing and Selling homes in the NW Austin Area. I use my experience to guide clients through the process, whether selling or buying. It’s a beautiful thing when your career and a passion come together. I love what I do!

Comments (10)

Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Lot of details in 2022. Have a great year. Blog has lot of details for buyers...

Jan 03, 2022 06:29 AM
Dorie Dillard Austin TX

Thank you Eric Bouler .

Jan 04, 2022 05:28 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning Dorie,

I am  sure your wonderful market report will help those who are looking to buy or sell understand your market better. A

Jan 03, 2022 08:18 AM
Dorie Dillard Austin TX

It's definitely a seller's market Ron and Alexandra Seigel and am sure we will see a repeat of 2021 activity.

Jan 04, 2022 05:29 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Dorie - I am certain that the number sold would not be down if there were more inventory.  The promise hike in interest rates should spark more activity

Jan 03, 2022 11:12 AM
Dorie Dillard Austin TX

No question the spike in activity is partly prompted by the promised spike in interest rates.

Jan 04, 2022 05:30 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dorie I have always felt December was a great month to purchase of sell a home, and this market report seems to confirm that.

Jan 03, 2022 11:20 AM
Dorie Dillard Austin TX

It is a great month to snag a home when there is less activity George Souto 

Jan 04, 2022 05:31 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Great report Dorie Dillard Austin TX  things slowed down in my area glad to see they were on an upswing in yours 

Jan 03, 2022 11:36 AM
Dorie Dillard Austin TX

We have so many buyers trying to find a home Hannah Williams we just need inventory!

Jan 04, 2022 05:32 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Dorie= what a great report for Canyon Creek in Austin. DOM is astounding. 

Jan 03, 2022 12:06 PM
Dorie Dillard Austin TX

Yes it is Kathy Streib ...just so many in need of housing.

Jan 04, 2022 05:32 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Great job Dorie! I know you will keep the momentum going into 2022

Jan 03, 2022 12:50 PM
Dorie Dillard Austin TX

Thank you Rocky Dickerson 

Jan 04, 2022 05:33 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 03, 2022 05:07 PM
Dorie Dillard Austin TX

Thank you Myrl Jeffcoat 

Jan 04, 2022 05:33 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It seems as if things are going well in Canyon Creek and you and your daughter are able to assist any buyers and sellers.

Jan 04, 2022 04:45 AM
Dorie Dillard Austin TX

We have a strong market for sure Brian England 

Jan 04, 2022 05:34 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Anyone looking in the Canyon Creek (or, heck, Austin!) is in great hands with you, Dorie. You know your market inside and out!

Great numbers - I can't believe a neighborhood of over 1,000 homes only has 2 homes for sale - speaks volumes about the neighborhood, as you discussed today!

Thank you for presenting today - what a wonderful treat, hearing about your market!

Jan 04, 2022 06:21 PM