July 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.
July 2016 Real Estate Market Results in Canyon Creek
It’s hard to believe 2016 is now past the halfway mark! Are you wondering if it is the right time to sell or buy a home? The answer is yes! Austin’s economy continues to expand because of jobs, jobs, jobs. New comers seek out Canyon Creek because of its rolling hills topography, broad tree lined streets and excellent schools.
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 July 31, 2016 there are 16 resale homes in Canyon Creek priced from a low of $414,995 to a high of $679,900. There is a 2+ month supply of homes thus Canyon Creek enjoys a true seller’s market. However, the dog days of summer are now upon us as the countdown begins for school to start. The 16 active homes are now averaging 41 days on market.If you are thinking of selling in Canyon Creek now is an excellent time to visit about marketing your home in the upcoming fall real estate market. Buyers I have some wonderful homes coming to market after Labor Day that I know you will love!
Pending Sales in Canyon Creek
As of July 31, 2016 there are 6 homes under contract waiting to close with an average of 27 days on market. Most buyers are hoping to be in before school starts!
Homes Sales in July 2016
There were 7 closed homes in the Canyon Creek Subdivision in July down 36% from July 2015. Sold homes enjoyed a 97 % List to Sell Ratio and the days on market were the same compared to July 2015.
The market slowing in Canyon Creek? Only temporally, its 3 weeks before school and many are closing on their home purchases, off on vacation or getting students off to college. Activity will pick up after the last hurrah of summer, Labor Day week-end!
Canyon Creek Real Estate Summary
Bottom line: July 2016 home sales in Canyon Creek were down from July 2015 by 36% but the average sold price in July 2016 increased by 15 % and the sold price/square foot was up 4%! Why? Buyers purchased larger homes after some price reductions and quickly took advantage of the re-pricing. 2015 was a good year and 2016 looks like it will be even better continuing the trend of higher sale prices and no decreases in price/square foot indicative of high buyer demand and a strong sellers market.
The 6 homes currently under contract show the number of days on market to be approximately the same as July sold homes and shows inventory continued to move off market in a reasonable length of time. However the 16 active listings are showing an increase of days on market by 78% and we’re seeing price reductions as we near the end of summer. In today’s market some current sellers are over confident and “ego” pricing their homes. The result is longer days on market, price reductions and frustrations!
Sellers, determining the right price are 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
Meeting these conditions your home has an excellent opportunity to be seen and sold in advance of others 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 influence the up or down price in the market dramatically; please consult with me to determine your specific value.
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.
A local expert with national connections…..
Check my other posts on the market in Canyon Creek:
Please visit the website I provide for the community: CanyonCreekNews.com.
I am the Canyon Creek Community Resource!
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Don’t forget to visit my website: www.reloaustin.com
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       Dorie Dillard is the most frequently hired REALTOR® in the Canyon Creek Subdivision. “YOUR PERFECT PARTNER”
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