Latest news on the Canyon Creek Real Estate market in October 2024….
What you need to know now…..
What it means for you…..
As we step into November, the latest Canyon Creek market data reveals trends that reflect a steady yet evolving housing landscape. Although year-over-year sales have softened, home values remain resilient, with smaller properties selling at a slightly higher price per square foot. The current list-to-sell ratio stands at 97.9% (based on the last listed price).
Market Snapshot
uActive Listings: 4 homes, averaging 73 days on market, many with multiple price adjustments.
uUnder Contract: 2 homes, averaging 92 days on market.
Market Dynamics
Entering the second year of a market correction that began in May 2022, we continue to see quality homes available at competitive prices, with sellers showing more negotiability. Despite Austin’s busy October – from the ACL Festival to the TX/OU weekend, F1, and ESPN Game Day – two homes went under contract, and two closed in Canyon Creek.
While certain Austin submarkets show stronger performance, Canyon Creek is currently experiencing a more cautious pace. Year-to-date, only 27 homes have sold compared to 39 in 2023 and 47 in 2022. Sellers are encouraged to approach with patience and ensure properties are well-presented and appropriately priced. With adjustments already observed throughout the second and third quarters, success now hinges on savvy preparation and an eye on competitive listings.
Reflecting on Market Growth
Canyon Creek has seen substantial appreciation since July 2017, offering a significant return on investment for longtime homeowners. For prospective sellers, now is a time to consider the long-term gains, even in a moderated market.
Key Market Insights
uAccurate Pricing: Essential for capturing timely offers.
uProperty Condition: Homes in great condition and with updates stand out in today’s market.
uEffective Marketing: A well-presented property is likely to attract more interest and expedite the sale.
With careful planning, you can position your property to appeal to today’s buyers. If you’re considering selling or simply want to explore your options, I invite you to reach out. Together, we can assess your goals and determine if the timing aligns with your next real estate move. Let’s connect and navigate this dynamic market together.
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