What a red hot first quarter! The seasonality of our market shifted to first quarter due to the looming threat of rising interest rates and the throng of buyers out looking for housing. First quarter home sales soared 125%!!
The average sold price increased 12% and the average sold price/square foot surged 24%. The availability of homes tended to be smaller, so were snapped up due to lack of choices.
Despite the portentous trend that appears to be here to stay, understanding the data and working with a seasoned professional is the difference in not only obtaining top dollar for your home but negotiating YOUR preferred terms!
Canyon Creek First Quarter 2022
There are 2 Active homes found on March 31, 2022 (out of 1,330+ homes) and 2 Contract Pending homes.
Homes Sold
Home Sales increased 125%
SOLD prices increased 12%
SOLD price/square foot increased 24%
2022 will continue with low inventory and home values increasing! Quite simply there is just not enough homes to satisfy buyer demand. 189 people are moving to Austin a day as Austin continues down the path of leading the nation in robust job growth and economic expansion.
Buyers are accelerating their home buying timelines as building equity is everyone’s goal! Remember whatever home you look at today will either be gone or more expensive tomorrow!
All Sold Information is derived from the Austin MLS system. If any Canyon Creek area home traded hands without a Realtor® involved; then it won’t be reflected in this report.
We serve our clients by arming them with strong market knowledge and seasoned experience. Curious about what your home is worth? Nervous about the market? We are here for You!!
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(512) 750-6899 ReloAustin.com CanyonCreekNews.com |
I specialize in Listing and Selling homes in the NW Austin Area. I use my experience to guide clients through the process, whether selling or buying. It’s a beautiful thing when your career and a passion come together. I love what I do!
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