September 2022 Market OverView in Canyon Creek

By
Real Estate Agent with Coldwell Banker Realty ~ 512.750.6899

 

Latest news in Canyon Creek Home Sales in September 2022

What you need to know……

How it impacts you……..

The headlines are showing alarming inventory levels but remember we have been looking at weeks and sometimes days of inventory and now are looking at months. In Canyon Creek we are experiencing 5 months of inventory based on September sales (not on Third Quarter Sales which I will be posting soon). That is slightly lower than 6 months which is considered a balanced market.

September sales are typically homes going under contract in August, which is a slow month with school starting in the middle of the month and everyone taking last minute vacation to escape our unusual heat wave. September 2022 homes sales and pending sales decreased year-over-year for the 6th consecutive month.

Prices are not going to continue to escalate like they have the last 2 years. The market is re- balancing, but we are still in a robust housing market. Home buyers are frustrated by higher interest rates, home prices, inflation, and economic uncertainty. Mortgage applications have fallen since last year at this time. Pending sales are a good indicator of future sales. We can expect to see fewer closed sales in fourth quarter.

 

ACTIVE LISTINGS:

TEN homes out of 1,300+ homes  

PENDING LISTINGS:

THREE homes

SOLD LISTINGS:

TWO homes

Navigating the market is evolving on a weekly basis. Sellers’s the more you do to prepare your home for market the stronger your position will be to attract an offer.  You are facing increased competition so stand out from the crowd! Nothing like fresh paint, stellar curb appeal and spectacular photos to catch the eye of the buyer. Remember the eye buys!

Seller’s pricing a home correctly is key! The “right” price brings buyers and fewer days on market. The number of price reductions is up considerably so don’t fall in that trap and over price!

We serve our clients by arming them with strong market knowledge and seasoned experience. Want to know what a buyer would pay for your home? We stay on top of the data to make sure we are at the forefront of the market to best serve our sellers and buyers! Call us for a conversation on how the balancing in our market might impact your plans. Let’s see how we can help YOU!

                                                                                                       

 

Posted by

Austin TX Canyon Creek Real Estate Agent

(512) 750-6899
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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 (18)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Dorie  and thank you for your market report to share with us here in the Rain.  Have a great start to the week!

 

 

 

Oct 03, 2022 08:42 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Looks like Canyon Creek is doing just fine. Very nice report on your market.

Oct 03, 2022 08:44 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will love your outstanding local community reports.

Oct 03, 2022 08:47 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Thank you Will Hamm for stopping by.

Oct 03, 2022 08:52 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I appreciate your comment Jeffrey DiMuria 321.223.6253 Waves Realty 

Oct 03, 2022 08:52 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Thank you Roy Kelley 

Oct 03, 2022 08:52 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Dorie- there may have been some adjustments to the market but Canyon Creek is still a viable market. Sellers and buyers need to work with an experienced agent like you!!!

Oct 03, 2022 10:25 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Dorie Dillard Austin TX Wonderful report with sound information - great job 

Oct 03, 2022 11:25 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dorie more inventory and home prices leveling off is good news for Buyers.

Oct 03, 2022 11:53 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

The positive news is that buyers are getting more choice and more time to make decisions. Interest rates are higher, but still historically low, we all just need to adjust to the changes and find ways to make thigns work.

Oct 03, 2022 01:59 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The only source that matters for Canyon Creek real estate is Dorie Dillard Austin TX and her team!

Oct 04, 2022 04:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Found these stats very interesting, Dorie... I just updated some numbers yesterday for September and for the most part, year-over-year our September average prices are up. In some cases they are down a bit from July and August and in others up a bit from the summer months. Another example of how hyper-local real estate is.

Oct 04, 2022 05:20 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Thank you Kathy Streib 

Oct 05, 2022 05:10 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I appreciate your comment Hannah Williams 

Oct 05, 2022 05:10 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Yes it is George Souto . Gives buyers more options and actually and edge to snag a home before interest rates go up again.

Oct 05, 2022 05:11 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nick Vandekar, 610-203-4543 , yes we do and now sellers need to be more creative in finding perks to offer buyers like paying to buy their rate down.

Oct 05, 2022 05:12 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Thank you Brian England 

Oct 05, 2022 05:13 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nina Hollander, Broker ..you are spot on..real estste is hyper-local!

Oct 05, 2022 05:14 AM