Canyon Creek is one of the most desired neighborhoods in NW Austin. It’s a prestigious master planned community that contains two parks (Canyon Creek Park and Trailhead Park), 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, The Villas of Canyon Creek, The Enclave and 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. HOA dues are a reasonable $400 a year (unless living in the 2 gated sections).
Home sales for Canyon Creek are in for August 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 1.5 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 31, 2018 there are 15 Active resale homes and condos in Canyon Creek. They are priced from a low of $375,000 to a high of $599,999 with average cumulative days on market of 101 days.
Pending Sales in Canyon Creek
As of August 31, 2018 there are only 4 Contract Pending homes left on the market. With 15 Active and 4 Pending homes it’s not a wonder August was a busy closing month with 12 sales!
Homes Sales in August 2018
As of August 31, 2018 in Canyon Creek 12 homes closed in August, up 20% from August 2017. The 12 sold homes enjoyed a 99.5% List to Sell Ratio (of the last list price) up 1.5% from 2017 and days on market were down 56% compared to August, 2017.
A note to sellers in Canyon Creek:
It’s still true, “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 and love new construction homes. The current active homes are seeing elevated days on market (average 101 days) and we’ve seen many price reductions as we head into September.
Homes in Canyon Creek under $400,000 and smaller square footage homes are sought after as more buyers qualify in this price range. However in August the larger homes were in demand with 42% of the homes selling for over $500,000 and 42% from $400,000-$499,000.leaving 16% of the homes (2) sold under $400,000.
Canyon Creek Real Estate Summary
Bottom line: August, 2018 home sales in Canyon Creek increased by 20% over last year. The list price increased by 9% and the sold price increased by 11%. The price per square foot of homes sold in August increased by 9.7%. The price per square foot size of homes sold did not change from 2017. Larger homes = higher prices but usually lower price per square foot, however, in this case the larger homes did not drop in price per square foot which you would expect. Why? All 5 homes sold over $500,000 included pools and many moving here want to own a home with a pool with a good size lot and these homes contained both these components.
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:
- 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.
