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March 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.

 

March 2016 Real Estate Market Results in Canyon Creek

Are you wondering if it is the right time to sell or buy a home?  The answer is yes! Austin’s economy continues to be in an expansion mode. New comers seek out Canyon Creek because of our rolling hills, premier master planned community and our excellent schools. Please note the current market conditions and expectations as we finished up 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 high $600,000’s and includes 2 gated sections offering detached garden/condo home living options.

Active Listings in Canyon Creek

As of March 31 2016 there are 5 resale homes in Canyon Creek priced from a low of $354,900 to a high of $559,000 There is a 1 month supply of homes thus Canyon Creek enjoys a true 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 31, 2016 there are 13 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 March 2016

There were 12 closed resale homes in the Canyon Creek Subdivision in March up 71 % from March 2015. The homes enjoyed a 99.4% List to Sell Ratio and the days on market were 28 days up compared to 8 days in March 2015. Is the market slowing in Canyon Creek? No, the market is heating up with buyers looking to purchase in our low inventory levels.

Canyon Creek Real Estate Summary

 

Bottom line: March 2016 home sales in Canyon Creek were up 71% from March 2015 with our early spring like temperatures and high buyer demand. 2015 was a very good year and 2016 looks like it will be even better continuing the trend of positive appreciation and sales. The average sold price in March 2016 increased by 21.8% however larger square footage homes sold which naturally results in higher sold prices.

 

The 13 homes under contract show about the same number of days on market. Homes priced from $340,000 to$599,900 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. Reach out to me at 512-346-1799 or email at dillard@reloaustin.com for an insightful conversation about the marketability of your home. I offer hands on Professional guidance for all your real estate needs.

 

Check my other posts on the market in Canyon Creek:

January 2016

February 2016

 

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

 

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I am your Canyon Creek Resource!