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Canyon Creek Real Estate: Looking Ahead to 2025

By
Real Estate Agent with Coldwell Banker Realty ~ 512.750.6899

As we close the chapter on 2024, the Canyon Creek real estate market reflects a notable transformation. Over the past two years, the number of homes sold has decreased by 40%, while sales prices have softened by 13%. These shifts reflect a broader market recalibration following the unprecedented highs of 2021 and 2022.

Despite the challenging landscape, there are reasons for optimism. In November, I listed a Canyon Creek home that was competitively priced and thoughtfully prepared for the market. The timing aligned with post-election activity, sparking renewed buyer interest. Following active open houses and steady showings, the home received an offer after just 21 days on the market and became the first sale to close in 2025 in Canyon Creek! This success underscores the importance of strategic pricing, expert preparation, and a keen understanding of buyer behavior in today's market.

Reflecting on Trends: 2022–2024

The Canyon Creek market’s trajectory has been dynamic, driven by various factors:

  • Market Activity: Home sales experienced a significant 66% decrease from 2022 to 2024, as buyer activity slowed.
  • Price Adjustments: While 2024 sold prices were only 1% lower than 2023, they marked a 13% decline from the peak of 2022.
  • High-End Market: The highest sale price in 2024 was $980,000, a 25% drop from the $1,300,000 high in 2022.

External factors also played a role in shaping the 2024 market. Inflation concerns, economic uncertainty, geopolitical events, and cautious buyer sentiment influenced decisions. Many buyers took a “wait-and-see” approach, prioritizing favorable mortgage rates over immediate purchases.

Current Market Snapshot

As of December 31, 2024:

  • Five homes remain active out of 1,338+ properties in Canyon Creek.
  • One home is under contract.

These figures highlight the importance of well-priced and visually appealing listings. As I always say, “The eye buys.” Presenting your home at its best remains crucial to attracting motivated buyers.

Looking Ahead to 2025

The stabilization of prices in 2024 suggests we may see increased activity in early 2025. Sellers in Canyon Creek still benefit from prices that are 42% higher than pre-COVID levels, which is a strong foundation for the market’s next phase.

With over 33 years of real estate experience, I’ve guided clients through the ebbs and flows of Canyon Creek’s housing market since 1991. My daughter, Melissa Stout, brings her local knowledge and expertise to our team. Having grown up in NW Austin and graduated from Westwood High School and UT, she’s been a trusted partner in our Coldwell Banker office for over nine years. Together, we are committed to providing our clients with deep market insights and expert guidance tailored to their unique goals.

Let’s Plan Your Next Move

If you’re considering buying or selling in 2025, now is the time to strategize. Let’s discuss your goals and explore whether this is the right moment to make your move. Ready to find out what a buyer would pay for your home? Let’s chat!

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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!

 

Show All Comments Sort:
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Dorie the direction of your home price are the opposite of our home prices  here.  Our home prices are still going up.

Jan 07, 2025 02:17 PM
Dorie Dillard Austin TX

Not in Canyon Creek but I do think they have stabilized George Souto 

Jan 07, 2025 06:21 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Dorie- another thorough market report for Canyon Creek!!!  Anyone looking for someone with local expertise should contact you!!!

Jan 07, 2025 05:53 PM
Dorie Dillard Austin TX

Thank you Kathy Streib !

Jan 07, 2025 06:21 PM
Patricia Feager
Flower Mound, TX

Dorie Dillard Austin TX - reflecting on the past to determine your strategy going forward is a smart way to run your business. It's a good thing Canyon Creek is a desirable community and that everyone knows your name!

Jan 08, 2025 01:23 AM
Dorie Dillard Austin TX

Thank you Patricia Feager 

Jan 08, 2025 07:20 PM
Roy Kelley
Retired - Gaithersburg, MD

Families considering a move to the area will appreciate your local real estate reports.

Have a great day.

We have very icy conditions in Maryland as recovery continues after our Monday snow event. Schools are closed for the third day.

Jan 08, 2025 05:09 AM
Dorie Dillard Austin TX

Oh my goodness Roy Kelley ..you are having bad weather! We were to have had weather tomorrow and Friday but the temperatures are now 36-40 degrees and rain, rather than 29 degrees and rain. We will see!

Jan 08, 2025 07:23 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Good morning! The market is always changing and here it goes again!

Jan 08, 2025 05:15 AM
Dorie Dillard Austin TX

Yup..we will see where it goes Kat Palmiotti 

Jan 08, 2025 07:23 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Good morning, Dorie... a 13% shift in prices is nothing to sneeze at! Good for buyers, less so for sellers. Your numbers underscore how important it is to keep track of trends and communicate them to clients, prospects, and homeowners.

Jan 08, 2025 05:31 AM
Dorie Dillard Austin TX

Yes it is important Nina Hollander, Broker to keep a pulse on the market and let clients, prospects and homeowners know.

Jan 08, 2025 07:24 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Dorie - times change and real estate activity reflects that.   Keeping that in mind, your Canyon Creek insight remains valuable for those looking for exceptional local real estate representation.   

Jan 08, 2025 07:54 AM
Dorie Dillard Austin TX

Thank you Michael Jacobs 

Jan 08, 2025 07:25 PM