CANYON CREEK’S home prices are pushed to new boundaries as buyer demand continues to surge. Real estate in Austin as well as in Canyon Creek has been undervalued for years. We’re in the process of a price shift as more, great jobs and people move to our area. Check out articles on line “New Austin Jobs” and your head will swim.
Because of the shortage of new home construction starts, existing home prices have risen dramatically. In part due to supply and demand but there is no new product for existing homes to be measured against.
Buyers and sellers are finding the market incredibly challenging with the dramatic appreciation in prices. In May, 9 listings closed with an average price increase of 49% compared to last year. The days on market were down 78% and the average price/square foot was up 66%. Most properties sold in May were smaller square footage (average square footage decreased 14%). Why? Buyers sacrificed square footage to obtain a lower sales price to get into the community.
ACTIVE LISTINGS:
THREE homes for sale out of 1,300+ homes
PENDING LISTINGS:
SIX homes Under Contract
SOLD LISTINGS:
NINE homes SOLD
Our homes are appreciating quickly, sold comparable data more than a month old are not relevant. We have less than a month of inventory.
Looking at pending properties in Canyon Creek gives us an indication of what the traffic will bear and level of the buyer’s appetite. More hopeful buyers are accelerating their home buying timelines. Building equity is more important as most consumers want to swap volatile monthly rents with steady monthly mortgage payments.
Thinking of selling or making a move? Even in this market there is a strategy and method to selling. We can help you over the hurdles with no stress, just candid, reliable advice. Our passion lies in exceeding your expectations while helping you achieve your goals. Let’s talk!
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