Home sales for Canyon Creek are in for March 2018! My most recent market report provides a detailed look at what happened in the volatile month of March 2018 with sales and price trends, along with access to the comparable inventory of homes for sale. March 2018 will go down in history as a wild ride in the stock market! Subsequently interest rates began rising and additional rate increases are expected this year putting additional pressure on buyers to buy now!
If you’re wondering if it is the right time to sell or buy a home…The answer is definitely yes! There is a 3 months plus supply of inventory which is a seller’s market and buyers are waiting for fresh properties to come on the market.
The first quarter of 2018 continued with a shortage of homes for sale in our popular neighborhood of Canyon Creek. Nevertheless with fresh inventory coming on in March, sales have been brisk.
Buyers seeking jobs in Austin consider living in the Canyon Creek Subdivision because of its rolling hills topography, broad tree-lined streets, neighborhood diversity, excellent schools and close proximity to major employment centers.
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 mid $600,000’s and includes 2 gated sections offering detached garden/condo home living options
Here are the most up-to-date stats on the Canyon Creek neighborhood…
Homes Sold in March
Active Listings in Canyon Creek
As of March 31, 2018 there are 9 Active resale homes in Canyon Creek priced from a low of $399,900 to a high of $609,000 with average days on market of 102 days. There is a 3 month’s supply of homes.
Pending Sales in Canyon Creek
As of March 31, 2018 there are 12 homes under contract waiting to close with an average of 72 cumulative days on market.
Homes Sales in March 2018
As of March 31, 2018 in Canyon Creek 6 homes closed, down 25% from March 2017. The 6 sold homes enjoyed a 98% List to Sell Ratio (of the last list price) the same as in 2017. Days on market were up 26% compared to March 2017.
New listings that are updated and well-priced are greeted enthusiastically by buyers.
A note to sellers:
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 rising interest rates and resist overpriced listings.
Preparation is the key to presenting your home in its best light coupled with listing at market price. Let me help you go from Active to Sold while achieving the highest List to Sell ratio.
Hiring the right NW Austin Realtor is critical to your home selling success.
Canyon Creek Real Estate Summary
Bottom line: In March, 2018, 6 homes that were smaller in square footage by 15% sold. With rising interest rates some buyers are forced to step down from higher priced homes to qualify, even if it means paying 10% more price/square foot to keep their price point down.
Homes sold ranged from $355,000 to a high of $450,000 with an average price of $402,500. It only stands to reason the Sold price decreased by 6%. The price/square foot of homes sold in March 2018 increased by 10%. The list to sell ratio of these 6 homes held steady at 98% of the last list price.
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:
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.
