How did Real Estate Sales Perform in Canyon Creek in December 2017?
Home sales for Canyon Creek are in for December 2017! If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! There is a 2+ months plus supply of inventory and buyers are waiting for fresh properties to come on the market.
According to Mark Sprague “real estate has been traveling at light speed in residential real estate with 60% appreciation on residential real estate in the last 10 years. Currently it’s important to note, residential appreciation has slowed but not declined.” As of December 31, 2017 there have only been 2 homes closed, down 50 % from December 2016. However there are 5 pending homes which will mean a good January 2018 closing month.
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 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 have 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 2018.
Here are the most up-to-date stats on the Canyon Creek neighborhood…
Homes Sold in December
Active Listings in Canyon Creek
As of December 31, 2017 there’s 8 Active resale homes (at this time 1 condo in the Villas of Canyon Creek) in Canyon Creek priced from a low of $389,500 to a high of $599,950 with average days on market of 116 days. There is a 2+ month’s supply of homes.
Pending Sales in Canyon Creek
As of December 31, 2017 there are 5 homes under contract waiting to close with an average of 137 cumulative days on market. Buyers are looking for well-priced and well-presented listings.
Homes Sales in December 2017
Only 2 homes closed in the Canyon Creek Subdivision in December, 2 homes less than December 2016. The 2 sold homes enjoyed a 96.7% List to Sell Ratio (of the last list price) down 2.3% from 2016 and days on market were up 255% compared to December 2016 (partly due to 1 home on the market for 368 days).
A note to sellers in Canyon Creek:
Sellers must travel farther to meet expectations of buyers.
Today’s buyers are savvy about current home values and available inventory. They are concerned about possible 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 and achieving the highest List to Sell ratio.
Hiring the right NW Austin Realtor is critical in your home selling success.
Canyon Creek Real Estate Summary
Bottom line: December 2017 home sales in Canyon Creek decreased by 50% over 2016. Sold price increased by 42%. The price/square foot of homes sold in December 2017 decreased by 10%. The square foot size of the homes sold was 57% higher than in 2016. The rise in the sold price was due to the larger homes sold. The one home on the market was on for 368 days which threw the days on market numbers off.
Many bargain shoppers were out looking in December just like car shoppers do! 3 homes received offers and came to terms right before Christmas.
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 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 always my goal. 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:
Please visit the website I provide for the community: CanyonCreekNews.com.
