Canyon Creek in NW Austin~How were 2018 September Home Sales?
Buyers moving to Austin often 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) and the property tax rate for 2018 is 2.3268 per $100 valuation.
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.)
Home sales for Canyon Creek are in for September 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+ 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.
The most up-to-date stats on the Canyon Creek neighborhood are as follows:
Active Listings in Canyon Creek
As of September 30 there are 12 Active and Active Contingent resale homes and condos in Canyon Creek. There are 1,330+ homes so this is less than 1% of the homes! They are priced from a low of $375,000 to a high of $599,900 with average cumulative days on market of 137 days.
Pending Sales in Canyon Creek
As of September 30 there are only 4 Contract Pending homes on the market. With 12 Active, Active Contingent and 4 Pending homes it’s not a wonder now is a good time to list your home! Buyers are waiting for fresh inventory. Only 2 new listings came on in September and one home went under contract with multiple offers.
Homes Sales in September 2018
As of September 30 in Canyon Creek 3 homes closed in September, exactly the same number as in September 2017. The 3 sold homes enjoyed a 99% List to Sell Ratio (of the last list price) up 1% from 2017 and days on market were down 32% compared to the previous September.
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 139 days) and we’ve seen many price reductions as we head into October. Only two new listings came on the market in September in Canyon Creek. My listing was priced and staged well going under contract in 3 days with multiple offers.
Homes in Canyon Creek under $400,000 are sought after as more buyers qualify in this price range. Smaller square footage homes usually equates to a lower sales price so many buyers are opting for less to get into the community in their desired price point.
Canyon Creek Real Estate Summary
Bottom line in September Canyon Creek Homes sales:
- Number of homes sales stayed the same
- List price increased by 6%
- Sold price increased by 7%
- List price per square foot stayed the same
- Sold price per square foot remained the same
- Number of days on market decreased by 32%
Let me assist you identify your short and long term housing needs. With home sales and interest rates rising along with decreasing inventory now is the time to make your move. 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:
– 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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