Fourth Quarter 2021 Home Sales in Canyon Creek Austin TX

By
Real Estate Agent with Coldwell Banker Realty ~ 512.750.6899

   

Fourth quarter home sales are down by 38% but inventory played the biggest factor. It’s hard to produce record home sales with so few homes on the market.

The good news is the average sold price increased by 29%!  Buyers purchased smaller homes (2,774 square feet average) thus the price per square foot shot up 45%!

The end of fourth quarter showed an uptick in activity by those focused buyers looking for a home with less competition. Many tried to beat the looming increase in interest rates and the rush of the anticipated spring market.

The days on market in fourth quarter decreased by 58%!  We have less than a month’s inventory of homes folks and buyers are looking for fresh, well presented properties!

Canyon Creek Fourth Quarter 2021

There are 2 Active homes found on December 31, 2021 (out of 1,330+ homes) and 4 Contract Pending homes.

   

 

Homes Sold 

Home Sales decreased 38%

SOLD prices increased 29%

SOLD Price/Square Foot increased 45%

 

2022 will continue with high demand for housing as Austin continues down the path of leading the nation in robust job growth and economic expansion.  UPTOWN ATX, a project in the Domain shows where the second downtown Austin is centered and Canyon Creek is 15 minutes away! Canyon Creek Elementary was  ranked, according to US News and World Reports, as #7 in the state of Texas! Astonishingly four schools in the RRISD ranked in the top 15!

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. Remember whatever home you look at today will either be gone or more expensive tomorrow!

 

All Sold Information is derived from the Austin MLS system. If any Canyon Creek area home traded hands without a Realtor® involved; then it won't be reflected in this report. 

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!

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Austin TX Canyon Creek Real Estate Agent

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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 (5)

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

Dorie looks like the Inventory Grinch has struck Canyon Creek!!!

Jan 04, 2022 02:00 PM
Dorie Dillard Austin TX

Unfortunately George Souto the Inventory Grinch has been holding us hostage for some time!

Jan 05, 2022 06:07 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Dorie- I loved your presentation today during our Zoom meeting. You really do embrace and know the Austin area. 

Jan 04, 2022 05:29 PM
Dorie Dillard Austin TX

Thank you Kathy Streib ...Austin has a vibe of it's own and its easy to embrace it!

Jan 05, 2022 06:08 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Inventory has bit us all in 2021. I am hoping that inventory increases in the coming year. Happy Tuesday and best wishes Dorie 😙

Jan 04, 2022 07:26 PM
Dorie Dillard Austin TX

Thank you Paul S. Henderson, REALTOR®, CRS 

Jan 05, 2022 06:08 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 06, 2022 05:22 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local community reports.

Have an outstanding week.

Jan 09, 2022 11:16 AM