August 2017 Real Estate Market Results in Canyon Creek
It’s hard to believe we are in the second month of our 2017 third quarter! If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! Texas economy continues to be robust because of job creation resulting in more people than 105 people a day moving to Austin!
Everyone is asking the question “Where are Austin Home Prices Headed?” No one has the magic answer but I depend on our local economists to give me insight coupled with my experience working daily in our real estate market.
Buyers seeking jobs consider living in the Canyon Creek Subdivision because of its rolling hills topography, broad tree lined streets, neighborhood diversity and excellent schools. Canyon Creek is where you’ll find neighbors are friends; streets are safe and the nights quiet.
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 high $300,000’s to the mid $600,000’s and includes 2 gated sections offering detached garden/condo home living options. Many who live in Canyon Creek lived here for years and bought and sold more than one home in the community. We are excited about the bath renovation at the community pool and added activity center on tap for construction in late 2017.
Here are the most up-to-date stats on the Canyon Creek neighborhood…
Active Listings in Canyon Creek
As of September 1, 2017 there’re 11 Active resale homes, condos and garden homes in Canyon Creek priced from a low of $365,000 to a high of $539,000 with average days on market of 114 days. Over 50% of the active homes are languishing on market and reducing prices to be competitive. There is a 1+ months’ supply of homes.
Pending Sales in Canyon Creek
As of September 1, 2017 there are 3 homes under contract waiting to close with an average of 60 cumulative days on market. Homes priced and staged right went under contract quickly. Buyers are looking for well-priced and well- presented listings and are ready and willing to make offers.
Homes Sales in August 2017
10 homes closed in the Canyon Creek Subdivision in August 100% more than August 2016. The 10 sold homes enjoyed a 98% List to Sell Ratio (same as 2016) of the last list price and days on market were up down 20% compared to August 2016.
Well-priced available inventory remains a challenge but sellers need to remain mindful that proper pricing and presentation is critical to a successful transaction.
Today’s buyers are savvy about current home values and inventory. They are resisting overpriced listings. The current active homes are seeing elevated days on market and properties listed too high are making price reductions. Presenting your home in its best light coupled with listing at market price is the key to going from Active to Sold.
Canyon Creek Real Estate Summary
Bottom line: August 2017 home sales in Canyon Creek increased by 100% over 2016. Sold prices decreased by 5%. The price/square foot of homes sold in August 2017 increased by 6%. The size of the homes sold decreased by 9% thus we saw smaller homes sell for a higher price/square foot which is the standard rule of thumb. Properties coming on that were well-presented and priced to market value received offers in an average of 32 days.
August was a large closing month for homes in Canyon Creek as many purchased homes and were trying to close to be moved by school starting on August 22nd. Our fall market always picks up in the middle of September so be on the lookout for properties I have coming on that are carefully being prepared to meet the expectations of the buyers.
If you’re considering selling your home allow me to partner with you in determining the right price. 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 you. As a Canyon Creek resident since 1994 I know the intricacies of our community and our hyper-local real estate market. Procurring the maxium dollar for your home in any market is the key to being a successful seller. You need a full-service real state agent who has a long-standing history of doing just that!
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, 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. Let’s talk!! I offer professional guidance serving residential home buyers and sellers.
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.
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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