January 2022 Home Sales in Canyon Creek Austin TX 78726

In December 2021, homes that came on the market were quickly gobbled up resulting in 4 home closings in January 2022, up 100% from last January.

Buyers are looking to get a jump on looming, higher interest rates in 2022 and the spring rush has begun! I put a listing on the market in January and had 44 showings in 3 days, and 7 offers resulting in going over significantly the list price.

The future looks bright in 2022 Austin Real Estate; have you heard the $1 Billion dollar second Apple Campus is almost complete. 5,000 employees will be on board when it opens and the campus can accommodate up to 15,000 employees!

January Home Sales are up 100% over January 2021 sales. Low inventory continues to plague our market. There are only 2 Active listings on the market in Canyon Creek at this time with 6 pending properties.

The average sold price is up 26% compared with last January and days on market are up 725%. This figure is a little misleading as one house was on the market 108 days because they were overpriced. The sold price/per square foot is up 28%. There are plenty of comparable sold properties to support the value of new listings now so appraisals are coming in either at or close to negotiated price.

Austin and Canyon Creek real estate has been undervalued for years. Real estate sales came out of COVID stronger than expected with a market pressed for inventory. It will take several years to catch up.

ACTIVE LISTINGS:

TWO homes for sale out of 1,300+ homes

PENDING LISTINGS:

SIX homes Under Contract

SOLD LISTINGS:

FOUR homes SOLD

We have less than a month’s inventory of homes folks and buyers are looking for fresh, well presented properties!

Canyon Creek is a phenomenal master planned community, and we are fortunate to have a strong HOA Board committed to making a difference in holding our community to high standards.

We serve our clients by arming them with strong market knowledge and seasoned experience. When the time is right, contact us to discuss how you can leverage our local expertise and experience, to help you sell your home for the highest possible price. Let’s see how we can help YOU!