Canyon Creek Fourth 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 with 1,300+ homes of really nice people. You’ll find it contains two parks, a Junior Olympic pool, lighted tennis courts, nature trails, top notch public schools, close proximity to our lakes and 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 plus Canyon Creek West a David Weekly built community of 47 homes.. 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 $440 per year and covers maintenance of the entrance and entrance into each section, open space, pool and tennis courts. The property tax rate is 2.368 per $100 evaluation.
Here is the Canyon Creek report for Fourth Quarter for 2018
The number of home sales in the Fourth Quarter decreased by 44% compared to Fourth Quarter of 2017. The average sold price decreased by 6%, and the average price per square foot showed a negligible difference. There was definitely a fourth quarter slide in activity in Canyon Creek with days on market up 26%. Austin is a hot market but sellers fell into the trap of “imagination pricing.” Buyers pushed back and showed concern over rising interest rates, the stock market gyrations and listening to the national news. Remember real estate is local. Austin is a leader in the country for job creation and is enjoying sustainable growth of 82 net people a day moving here!
Current inventory in Canyon Creek 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 in Canyon Creek.
Homes Sold
As of December 31st, 2018 there are 5 active homes on the market with average cumulative days on market of 83 days and 1 Contract Pending home on the market.
Fourth Quarter 2018 Market Summary in Canyon Creek:
– Closed 44% fewer homes
– 1 Contract Pending Home
– 2 months Inventory
– Average Sold price down 6%
– Average Sold price per square foot negligibly different
– Days on market are up 26%
– Average list to sell ratio – 99% – 1% more (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 Fourth 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.
The Austin market is going to keep on setting records….Texas is on a roll and not stopping anytime soon. It’s the downtown areas and East Riverside that are sought after by many relocating buyers. Canyon Creek is competing with new construction in outlying suburbs. Many buyers want new construction and are looking at what will be worth more in 5 – 10 years.
Have you identified your short and long term housing needs? Are you getting left behind? Decision time is now. 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…..
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