Fourth quarter is in full swing with one month down and only 2 remaining before we ring in 2018! If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! The Texas economy hit a snag with the massive destruction of Hurricane Harvey but as always Texas is pulling together and showing the world what team work and caring about each other can do in the face of adversity! What really makes Texas truly special is the people. Texans are generous and caring people by nature and that compassion is the foundation of our success!
Buyers seeking jobs in Austin will always 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 early 2018.
Here are the most up-to-date stats on the Canyon Creek neighborhood…
Active Listings in Canyon Creek
As of October 31, 2017 there’s 12 Active resale homes (at this time no condos or garden homes) in Canyon Creek priced from a low of $395,000 to a high of $599,950 with average days on market of 112 days. Five of these homes have been on market for over 125 days. There is a 2+ months supply of homes.
Pending Sales in Canyon Creek
As of October 31, 2017 there are 8 homes under contract waiting to close with an average of 31cumulative days on market. Buyers are looking for well-priced and well-presented listings. When found they are prepared to make offers.
Homes Sales in October 2017
6 homes closed in the Canyon Creek Subdivision in October, 14% less than October 2016. The 6 sold homes enjoyed a 99% List to Sell Ratio (of the last list price) and up .5% from 2016 and days on market were down 8% compared to October 2016.
Sellers must travel further to meet expectations of buyers.
Today’s buyers are savvy about current home values and available inventory. They are concerned about rising interest rates and resist overpriced listings. The current active homes are seeing elevated days on market and price reductions. Presenting your home in its best light coupled with listing at market price is the key to going from Active to Sold. Hiring the right NW Austin Realtor is critical in your home selling success.
Canyon Creek Real Estate Summary
Bottom line: October 2017 home sales in Canyon Creek decreased by 14% (1 less home) over 2016. Sold prices decreased by 2%. The price/square foot of homes sold in October 2017 increased by 7%. The size of the homes sold decreased by 8% thus we saw smaller homes sell for a higher price/square foot which is the standard rule of thumb. Well-presented and priced properties received offers in an average of 22 cumulative days.
Our fall market is in full swing. I listed 5 homes this fall after sellers carefully prepared their homes to meet the expectations of buyers. All are under contract with 2 already closed.
If you’re considering selling your home allow me to partner with you in determining the right price. Handling the demand, offers and dialog with appraisers requires a seasoned professional like me with systems and processes in place. As a Canyon Creek resident since 1994 I know the intricacies of our community and our hyper-local real estate market. Procuring the maximum dollar for your home in any market is the key to being a successful seller. You need a full service real estate 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:
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.
I take pride in being the most frequently hired Realtor® in Canyon Creek.
A local expert with international connections…..
Check my other posts on the market in Canyon Creek:
3rd Quarter 2017 Market Report
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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