Home sales for Canyon Creek are in for April 2018! 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 in Canyon Creek which is still a seller’s market and buyers are waiting for fresh properties to come on the market.
According to one of my favorite economists, Mark Sprague, he revised his 2018 forecast of Austin’s real estate market. He originally predicted 2018 to be essentially the same as in 2017. However, based on the increase in number of contracts they are seeing he feels Austin’s biggest hurdle will be the need for inventory, particularly at the entry level (the strongest market in Austin). Mark feels sales in all price points are performing stronger than anticipated and properly priced homes are selling with multiple offers and overpriced properties continue to be challenged.
I’m seeing in Canyon Creek smaller square footage homes and prices under $500,000 selling faster than larger homes priced in the $500,000- 600,000 range.
Buyers seeking jobs in Austin 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. Here are the most up-to-date stats on the Canyon Creek neighborhood…
April Comparisons
Homes Sold in April
Active Listings in Canyon Creek
As of May 1, 2018 there are 16 Active resale homes in Canyon Creek priced from a low of $395,000 to a high of $610,000 with average days on market of 75 days. There is a 3+ month’s supply of homes.
Pending Sales in Canyon Creek
As of May 1, 2018 there are 13 homes under contract waiting to close with an average of 18 cumulative days on market.
Homes Sales in April 2018
As of May 1, 2018 in Canyon Creek 10 homes closed in April, up 67% from April 2017. The 10 sold homes enjoyed a 99% List to Sell Ratio (of the last list price) the same as in 2017 and days on market were up 59% compared to April 2017.
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 rising interest rates and resist overpriced listings. The current active homes are seeing elevated days on market and price reductions. In Canyon Creek any property in good condition and priced well between $350,000 and $450,000 often are receiving multiple offers.
Canyon Creek Real Estate Summary
Bottom line:
April 2018 home sales in Canyon Creek increased by 67% over 2017.
Sold price decreased by 8%.
The price/square foot of homes sold in April 2018 stayed the same.
The square foot size of the homes sold was 7% lower than in 2017.
Average cumulative days on market increased to 73 days on market.
Home appreciation slowed, but is steady and in line with expectations.
Preparation is the key to presenting your home in its best light coupled with listing at market 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!
Hiring the right Canyon Creek Realtor® is critical in your home selling success.
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.
