Home sales in Canyon Creek for January 2020 are out!
- The number of home sales increased by 200%!
- The average home sale price increased by 13%
- You need to understand in January 2019 only one home sold and in January 2020 – 3 homes sold..a good start to 2020! It’s a double edged sword….Good news for sellers if you got in early your home has increased in value. Bad news for buyers trying to purchase their forever home or just a place to call home before prices becomes achievable.
Buyers need housing and are anxious to take advantage of the current low interest rates and are looking for well cared and updated properties. Sellers, inventory is down but don’t make the mistake of not being able to justify your list price with solid comparable sold sales.
Here is an interesting note from Mark Sprague of Independence Title “Austin’s GDP which grew 117% over the last 20 years, helped the real estate market recover from the recession…The closest metro out of the top 50 in the United States to see this type of growth was Silicon Valley, which grew its GDP by 99% during the same period.”
Austin and surrounding areas never really experienced the recession like the rest of the country. The quality of life, weather and diversified economy have drawn companies to Austin and new residents are moving here in droves.
Active Listings in Canyon Creek
As of January 31, 2020 there are only 2 active resale homes in Canyon Creek out of 1,330+ homes in the community.
Pending Sales in Canyon Creek
As of January 31, 2020 there are only 2 homes under contract. Buyers are anxiously waiting for new listings……. 2020 will be an interesting year so stay tuned.
Homes Sales in January 2020
Three homes closed, up 200% from the one home closed in January 2019. The 3 sold properties were up 14% in sold price. The days on market in January 2020 was down 92% and sold price/square foot prices were up 11% from January 2019. Our prices are rising on desirable listings. We need inventory!
A note to sellers in Canyon Creek:
Today’s buyers are knowledgeable with facts in hand and want a home that is well maintained and priced to current market sales.
January 2020 has been another record year for home values in Canyon Creek. Values are increasing and so far in 2020 the number of homes sold is increasing.
Talk of more jobs coming to Austin translates to more folks headed our way! I’ve been listening to local economists and their predictions for 2020. As long as jobs keep coming this way they see extra innings in our bullish market in Austin.
If you’re considering listing your home the spring market is just around the corner and you need to partner with me 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’ve been a neighborhood specialist and actively involved in the market with first-hand knowledge of inventory fluctuations and home values in our community. Procuring the maximum dollar for your home is always my goal. You need a full service real estate agent who has a long-standing history of producing results! Drop me a line or give me a call to discuss. No pressure, just honest and reliable advice.
Melissa Stout is my daughter, grew up in NW Austin and has been with the NW Austin Coldwell Banker office for over 4 years. She can help you too!
