Canyon Creek Second 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 Second Quarter for 2018
The number of home sales in the Second Quarter increased by 11.5% compared to Second Quarter of 2017. The average sold price decreased 2.8%, and the average square footage price increased by 1.7%. It stands to reason smaller homes sold for slightly more price per square foot and less sold price which is usually the case.
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
As of July 1, 2018 there are 18 active homes on the market in Canyon Creek with average cumulative days on market of 81 days. There are 17 pending homes on the market with average cumulative days on market of 61 days. There is a strong desire to buy in Canyon Creek but remember days on market are longer.
Second Quarter 2018 Market Summary in Canyon Creek:
– Closed 11.5% more homes
– There are currently 17 Pending Homes for Sale
– Inventory is 2+ months
– Average Sold price is down 2.8%
– Average Sold price per square foot is up 1.7%
– Days on market are up 100% to 44 days (from 22 days in 2017)
– Average list to sell ratio – 99% – slightly less (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 Second 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…..
