I am the “most frequently hired REALTOR® in the Canyon Creek Subdivision.”
December 2016 Real Estate Market Results in Canyon Creek
It’s now first quarter of 2017 and interest rates are moving up and will more than likely continue to move upward throughout the year. If you’re 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 the Canyon Creek Subdivision 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 January 2, 2017 there are 4 resale homes in Canyon Creek priced from a low of $574,000 to a high of $629,000. There is less than a month’s supply of homes thus Canyon Creek enjoys a true seller’s market.
Pending Sales in Canyon Creek
As of January 2, 2017 there are 3 homes under contract waiting to close with an average of 30 cumulative days on market.
Homes Sales in December 2016
There were 4 closed homes in the Canyon Creek Subdivision in December down 43% from December 2015. Sold homes enjoyed a 99 % List to Sell Ratio and the days on market were up 103%% compared to December 2015.
We continue to fight low inventory and high demand so if you’re thinking of selling….contact me. Those who are willing to price and stage homes right have an excellent chance to sell.
Canyon Creek Real Estate Summary
Bottom line: December 2016 home sales in Canyon Creek were down from December 2015 (but were up for the total year), the average sold price in December 2016 was the same as in 2015 however the sold price/square foot shot up 9%! Good quality listings came on market in October staged and priced well which produced good offers resulting in higher sales for November with buyers wanting to be in for the holidays, thus December sales numbers were lower.
The 3 homes currently under contract show a lower price/SF and shorter time on market than the 4 current active properties. Buyers are resisting “ego” pricing from sellers and want a good value for their money. Buyers are too savvy to be taken in, especially with rising interest rates. We have a seller’s market…not a “stupid” market.
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 international connections…..
Check my other posts on the market in Canyon Creek:
Please visit the website I provide for the community: CanyonCreekNews.com.
I am your Canyon Creek Community Resource!
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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