Canyon Creek First Quarter Market Report / 2018
Canyon Creek, Austin TX 78726 is one of the most desired communities in NW Austin. It’s located just off the outer loop of Hwy 620 between Anderson Mill Road and Hwy 2222 in NW Austin.
It’s a prestigious master planned neighborhood 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 homes range from the mid $300,000’s to the high $600,000’s and includes 2 gated sections offering detached garden/condo home living options; The Villas at Canyon Creek and The Enclave. The total number of homes is 1,330+.
Filled with stunning homes, a meticulously landscaped entrance and perfect location, Canyon Creek draws buyers from all across the country. Canyon Creek residents are assigned to the highly accredited Round Rock School District with the exemplary Canyon Creek Elementary located in the middle of the community. Annual HOA dues are currently $400 per year and covers maintenance of the entrance and entrance into each section, open space, pool and tennis courts.
Here is the Canyon Creek report for First Quarter for 2018
The numbers are in and homes sold with positive appreciation in reference to price/square foot. 2018 First Quarter shows a decrease in number of home sales and a decrease in sales price.
The number of home sales in the First Quarter decreased by 8% compared to First quarter of 2017. The average sold price decreased 6%, and the average/square footage price increased by 3%. Homes sold in 2018 were smaller by 6%. The price/square foot usually trends upward as square footage decreases.
I’m doing what I always do and that is to follow the 3 “A’s”: Anticipate, Adapt and Adjust as we move into a more balanced market. We are moving from a sizzling housing market to a more controlled market. Keeping perspective is the key… it’s not all bad to embrace these cooler indicators. First quarter in Canyon Creek showed buyers purchasing smaller homes which translated to lower sold prices but higher price/SF.
Current inventory is staying on the market longer as buyers resist continued increase in prices. Sellers, it’s important to be realistic about your pricing and understand you have to travel farther to meet the expectations of the buyers!
Presenting your home in its best light, coupled with listing at market price is the key to going from Active to Sold in our current market.
Homes Sold First Quarter 2018
As of March, 31 2018 there are 9 active homes on the market in Canyon Creek with average cumulative days on market of 102 days. There are 14 pending homes on the market with average cumulative days on market of 72 days.
First Quarter 2018 Market Summary in Canyon Creek:
– Closed 8% fewer homes
– There are currently 14 Pending Homes for Sale
– Inventory is 3 months
– Average Sold price is down 6%
– Average Sold price/per square foot is up 3%
– Days on market up 178 % l
– Average list to sell ratio – 98% – is the same (taken from last list price)
– Now is definitely the time to buy or sell
All sold information is derived from the Austin MLS system. If any Canyon Creek area homes traded hands without a REALTOR® involved; then it won’t be reflected in this report.
This 2018 First Quarter Canyon Creek Market Report is provided for general information only and does NOT replace a comprehensive market analysis. This report is informational, to obtain specific advice and counsel on your home contact me to review your personal residence at 512-346-1799.
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. I strive for procuring the maximum dollar for your home in any market. You need a full service real estate agent who has a long-standing history of doing just that!
I promise an insightful conversation about the marketability of your home plus a counseling session covering cost saving ideas for staging your home for market. I offer hands-on Professional guidance for all your real estate needs.
A local expert with international connections…..
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