August 2020 Home Sales Are In For Canyon Creek
Looking at the August numbers it is no surprise to see our Canyon Creek real estate market on fire!
Active Listings in Canyon Creek
As of August 31, 2020, there are only 5 active resale homes in Canyon Creek out of 1,330+ homes in the community (2 are in the gated section of the Enclave.). Inventory is anemic…….we need homes to list!
Pending Sales in Canyon
As of August 31, 2020, there are 8 homes under contract. Just as expected new listings in August came on the market and were quickly gobbled up by anxious buyers waiting for new inventory. So many buyers need housing, we cannot keep up with the demand!
Homes Sales in August 2020
August number of sales were equal to last year but sold prices were up 19%, sold price/square foot was up 7% and days on market down 80%. Low interest rates, influx of people moving to Austin and very low inventory across the board contributed to our very active market.
A note to sellers in Canyon Creek:
We must analyze the data and price at current market conditions. Multiple offers seem to be the norm and not sure when that will slow with our record low inventory continuing. Need help in navigating these waters? Drop me DM or call and let us chat about your goals and see if there is a fit. I am here to help.
I and Coldwell Banker Realty are moving forward to help our clients who have real estate needs. So much can be done via phone, email, and digital signatures today. “I’m Open for Business but just not Business as Usual.” We have established best practices and are closely monitoring the market to advise our clients in this new era.
As a Canyon Creek resident since 1994 I have 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.
Melissa Stout is my daughter, grew up in NW Austin and had been with the NW Austin Coldwell Banker office for over 4 years. She can help you too!
