Canyon Creek Subdivision NW Austin How Were 2018 July Home Sales?
Canyon Creek is one of the most desired neighborhoods in NW Austin. It’s a prestigious master planned community that contains two parks, a Junior Olympic pool, tennis courts, nature trails, close proximity to extensive entertainment and dining options. Canyon Creek offers homes from the high $300,000’s to the mid $600,000’s.
It includes 2 gated sections offering detached garden/condo home living options and is the home of Canyon Creek West: 47 single family homes built by David Weekley.
Buyers seeking jobs in Austin usually consider living in the Canyon Creek Subdivision because of its rolling hills topography, broad tree-lined streets, neighborhood diversity, excellent schools, location to Lake Travis and major arteries to reach employers. It’s conveniently located on Hwy 620 between Anderson Mill Road and Hwy 2222.
Home sales for Canyon Creek are in for July 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 2+ months plus supply of inventory in Canyon Creek which is a strong seller’s market. Buyers are waiting for fresh properties to come on the market.
Here are the most up-to-date stats on the Canyon Creek neighborhood…
Active Listings in Canyon Creek
As of August 1, 2018 there are 19 Active resale homes and condos in Canyon Creek and 1 Coming Soon property. They are priced from a low of $389,000 to a high of $599,900 with average cumulative days on market of 82 days.
Pending Sales in Canyon Creek
As of August 1, 2018 there are 12 Contract Pending homes waiting to close. With 19 Active and 12 Pending homes this speaks well to buyer demand for Canyon Creek.
Homes Sales in July 2018
As of August 1, 2018 in Canyon Creek 14 homes closed in July, up 100% from July 2017. The 14 sold homes enjoyed a 98% List to Sell Ratio (of the last list price) slightly less than 2017 and days on market were up 377% compared to July, 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, resist overpriced listings and are willing to move out farther to find homes that fit their criteria. The current active homes are seeing elevated days on market and many price reductions as we head into the dog days of summer in August and school starting in less than 3 weeks.
Homes in Canyon Creek under $400,000 and smaller square footage homes are sought after as more buyers qualify in this price range. Homes under $400,000 made up 29% of the home sales in July. 57% of homes sold were priced from $410,000 – $497,500 leaving 14% of the homes (2) sold over $500,000.
Canyon Creek Real Estate Summary
Bottom line: July, 2018 home sales in Canyon Creek increased by 100% over last year. The list price increased by 8.5% and the sold price increased by 7%. The price per square foot of homes sold in July decreased by 13%. The square foot size of homes sold was 23 % higher than in 2017 so the increase in sold price was understandable as well as the decrease in price/square foot. Larger homes = higher prices but lower price per square foot. There is a strong desire to buy in Canyon Creek but days on market are longer.
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. I’m a business manager providing World Class Service.
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!
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.
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