June 2016 Canyon Creek Subdivision NW Austin Real Estate Activity
I am the “most frequently hired REALTOR® in the Canyon Creek Subdivision.” I offer hands-on Professional guidance for all your real estate needs.
June 2016 Real Estate Market Results in Canyon Creek
Are you wondering if it is the right time to sell or buy a home? The answer is yes! Austin’s economy continues to expand because of jobs, jobs, jobs. Newcomers seek out Canyon Creek because of our rolling hills, premier master planned community and our excellent schools. It’s hard to believe 2016 is at the halfway mark!
Canyon Creek is one of the most desired neighborhoods in NW Austin. It’s a prestigious master planned community that boasts several parks, a Junior Olympic pool, tennis courts, nature trails, top notch public schools, close proximity to our lakes, extensive entertainment and dining options. Canyon Creek offers homes from the mid $300,000’s to the high $600,000’s and includes 2 gated sections offering detached garden/condo home living options.
Active Listings in Canyon Creek
As of June 30, 2016 there are 12 resale homes in Canyon Creek priced from a low of $339,900 to a high of $675,000. There is a less than 2 months supply of homes thus Canyon Creek enjoys a true seller’s market. If you are thinking of selling in Canyon Creek now is an excellent time to list your home for the summer real estate market.
Pending Sales in Canyon Creek
As of June 30, 2016 there are 8 homes under contract waiting to close with average of 12 days on market. The summer market is settling in and the 12 active homes are now averaging 47 days!
Home Sales in June 2016
There were 6 closed homes in the Canyon Creek Subdivision in June down 40% from June 2015. The homes enjoyed a 99 % List to Sell Ratio and the days on market were down 52% compared to June 2015.
Is the market slowing in Canyon Creek? No, buyers were out with their agents hoping to purchase a home in our low inventory levels. Due to the early spring weather many buyers were influences to start shopping early!
Canyon Creek Real Estate Summary
Bottom line: June 2016 home sales in Canyon Creek were down from June 2015 but with the early spring rush sales were up in March, April and May (the quarter sales will show slightly higher than 2015). The average sold price in June 2016 increased by 17 % and the sold price/square foot was up 4%! Why? Buyers purchased larger homes after some price reductions and quickly took advantage of the re-pricing. 2015 was a good year and 2016 looks like it will be even better continuing the trend of sales and no decreases in price/square foot.
The 8 homes currently under contract show a slight increase in days on market to 30 days and shows inventory is continuing to be moved off market in a reasonable length of time. The 12 active listings are showing an increase on days on market and we’re seeing price reductions as we head into the summer
Sellers, determining the right price are where I can help you. Handling the demand, offers and dialogue with appraisers requires a seasoned professional like me with systems and processes in place to obtain fairly; the highest and best price for sellers. As a Canyon Creek resident since 1994 I know the intricacies of our community and our hyper local real estate market. I have many listings coming on market and am carefully preparing them to meet the expectations of the buyers.
Homes in Canyon Creek Subdivision in NW Austin, TX that are selling the quickest have several characteristics in common:
· They are well maintained
· Reasonably updated
· Clean and uncluttered
· Priced according to the current market conditions
Meeting these conditions your home has an excellent opportunity to be seen and sold in advance of others in the Canyon Creek Real Estate Market!
Homes for Sale in Canyon Creek
Please check out a complete list of available Canyon Creek homes:
Search for homes in Canyon Creek
All data is derived from the Austin MLS System. If any Canyon Creek home traded hands without a REALTOR involved, then it won’t be reflected in this report.
This market report is for general information only and does NOT replace a comprehensive market analysis. Each home and its amenities influence the up or down price in the market dramatically; please consult with me to determine your specific value.
Reach out to me at 512-346-1799 or email at dillard@reloaustin.com for an insightful conversation about the marketability of your home. I offer hands-on Professional guidance for all your real estate needs.
A local expert with national connections…..
Check my other posts on the market in Canyon Creek:
Please visit the website I provide for the community: CanyonCreekNews.com.
I am the Canyon Creek Community Resource!
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Don’t forget to visit my website: www.reloaustin.com
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Dorie Dillard is the most frequently hired REALTOR® in the Canyon Creek Subdivision. “YOUR PERFECT PARTNER”
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