February 2017 Canyon Creek Subdivision NW Austin Real Estate Activity

I am the “most frequently hired REALTOR® in the Canyon Creek Subdivision.”

February 2017 Real Estate Market Results in Canyon Creek

It’s now the third month in first quarter of 2017 as we look back at February figures. 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 March 2, 2017 there are 3 resale homes in Canyon Creek priced from a low of $409,000 to a high of $600,000 with average days on market of 40 days. 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 March 2, 2017 there are 8 homes under contract waiting to close with an average of 54 cumulative days on market. 5 of the 8 homes came on the market in February and went under contract.

Homes Sales in February 2017

There was 1 home closed in the Canyon Creek Subdivision in February down by 66% than from February 2016 (3 homes). The one home Sold home enjoyed a 96.6% % List to Sell Ratio (down from 99.5% in 2016) and the days on market was down 73% compared to February 2016.

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: February 2017 home sales in Canyon Creek were down as well as the price/SF but these numbers are not accurately projecting what is going on in the Canyon Creek real estate market. In February 2017 only one large home closed. In February 2016 buyers closed on smaller homes (2 of the 3 homes were condos) so the price/SF was higher. The new inventory that came on the market in February went under contract quickly along with some homes that were languishing on market and finally reduced their homes to fall in line with what buyers were willing to pay.

The 8 homes currently under contract show a higher price/square foot than the 3 current active properties because they are smaller SF homes. 5 of the 8 homes listed in February were priced, staged right and received offers so March should be a good closing month in Canyon Creek!

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:

January 2017 Market Report

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

I am your Canyon Creek Community Resource!

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