Most frequently hired Realtor® in Canyon Creek - YOUR TRUSTED RESOURCE.

February 2016 Canyon Creek Subdivision NW Austin Real Estate Activity

 

I am the “most frequently hired REALTOR® in the Canyon Creek Subdivision.” I offer hands-on Professional guidance for all your real estate needs.

 

February 2016 Real Estate Market Results in Canyon Creek

Are you wondering if it is the right time to sell or buy a home?  This report reviews the current market conditions and expectations as we continue in the first quarter of 2016.

 

Canyon Creek is one of the most desired neighborhoods in NW Austin. It’s a prestigious master planned community that boasts several parks, a Junior Olympic pool, tennis courts, nature trails, top notch public schools, close proximity to our lakes, extensive entertainment and dining options. Canyon Creek offers homes from the mid $300,000’s to the mid $600,000’s and includes 2 gated sections offering detached garden/condo home living options.

Active Listings in Canyon Creek

As of March 3, 2016 there are 7 resale homes in Canyon Creek priced from a low of $355,500 to a high of $559,000 (2 of these are condos in the gated community of the Villas of Canyon Creek). There is a 1+ month supply of homes thus Canyon Creek enjoys a seller’s market. If you are thinking of selling in Canyon Creek now is an excellent time to list your home for the spring real estate market.

 

Pending Sales in Canyon Creek

As of March 3, 2016 there are 16 homes under contract waiting to close. The spring market began early with our warm weather! Fresh listings brought out buyers who made offers quickly on well staged and priced properties.

  

Homes Sales in February 2016

There were 3 closed resale homes in the Canyon Creek Subdivision in February down by one from the same in February 2015. The homes enjoyed a 99% List to Sell Ratio (up from 97% in 2015). Is the market slowing in Canyon Creek? No, the market is heating up early (with spring like temperatures) from buyers looking to purchase in our low inventory levels.

Canyon Creek Real Estate Summary

 

Bottom line: February 2016 home sales in Canyon Creek were down by one from the same in February 2015.  However days on market increased by 278%. Two of the three homes sold were condos on market all fall with no takers. The average sold price in 2016 decreased by 2% in February but the sold price per square foot price increased by 29% (smaller SF homes sold).

 

The 16 homes under contract show a decrease of days on market (20 days). Homes priced from $310,000 to$659,900 were snatched up by hungry buyers waiting for new inventory.

 

Determining the right price is where I can help you. Handling the demand, offers and dialogue with appraisers requires a seasoned professional like me with systems and processes in place to obtain fairly; the highest and best price for sellers. As a Canyon Creek resident since 1994 I know the intricacies of our community and our hyper local real estate market. I have many listings coming on market and am carefully preparing them to meet the expectations of the buyers.

 

Homes in Canyon Creek Subdivision in NW Austin, TX that are selling the quickest have several characteristics in common:

·        They are well maintained

·        Reasonably updated

·        Clean and uncluttered

·        Priced according to the current market conditions

Meet those conditions and your home has an excellent opportunity to be seen and sold in the Canyon Creek Real Estate Market!

 

Homes For Sale in Canyon Creek

Please check out a complete list of available Canyon Creek homes:

Search for homes in Canyon Creek

 

All data is derived from the Austin MLS System. If any Canyon Creek home traded hands without a REALTOR involved, then it won’t be reflected in this report.

 

This market report is for general information only and does NOT replace a comprehensive market analysis. Each home and its amenities can range dramatically; please consult with me to determine your specific values. Put my expertise to work for you, call me at 512-346-1799 for a free comparable market analysis on your home.

 

Check my other posts on the market in Canyon Creek:

January 2016

Year end 2015

  

Please visit the website I provide for the community: CanyonCreekNews.com.

 

I am your Canyon Creek Resource!