August 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.
August 2016 Real Estate Market Results in Canyon Creek
School is back in session and Labor Day has come and gone. Are you wondering if it is the right time to sell or buy a home? The answer is definitely yes! Austin’s economy continues to swell because of jobs, jobs, jobs. Newcomers 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 September 1, 2016 there are 6 resale homes in Canyon Creek priced from a low of $420,000 to a high of $599,000. 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 fall real estate market. Buyers, I have some wonderful homes coming to market that I know you will love!
Pending Sales in Canyon Creek
As of September 1, 2016 there are 11 homes under contract waiting to close with an average of 23 days on market.
Homes Sales in August 2016
There were 5 closed homes in the Canyon Creek Subdivision in August down 58% from August 2015. Sold homes enjoyed a 98.5 % List to Sell Ratio and the days on market were up 74% compared to August 2015.
Is the market slowing in Canyon Creek? No the fall market is kicking in to high gear as the countdown to the holidays begin! We continue to fight low inventory and high demand so if you’re thinking of selling….contact me.
Canyon Creek Real Estate Summary
Bottom line: August 2016 home sales in Canyon Creek were down from August 2015 by 58% (a continued trend like last month) but the average sold price in August 2016 increased by 12.6% and the sold price/square foot was up 5%! Why? Buyers purchased larger homes after price reductions and quickly took advantage of the re-pricing. 2015 was a good year and 2016 looks like it will be even better with fewer home sales but increases in price/square foot.
The 11 homes currently under contract show the same number of days on market as July sold homes and inventory continues to move off market in a reasonable length of time. However the 6 active listings are showing an increase of days on market and overpriced homes are re-pricing to attract buyers who resisted making offers. In today’s market some current sellers are over confident and “ego” pricing their homes. The result is longer days on market, lower prices 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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