It's finally here! the mid year market report for Canyon Lake. If you're a buyer or a seller, it's chock full of good info about the current market.
Before you dig in, here's our thoughts on a couple of things. The 1st quarter had the lowest days on market in the last 10 years for Canyon Lake. Homes were selling quickly and for close to full price in many segments.
Since then, the market has backed off a little and we actually have quite a few homes for sale in the community that are sitting a little longer. It's still a seller's market, but it feels like things are shifting a bit. Mid way through the year, the total number of homes sold is down about 10% which is also a little concerning. Now it could be because there were not many homes available in the first half of the year, but it feels more like there might be a market shift or slight slow down.
The summer will reveal more details and we'll have a better idea of the long term market as we wrap up the 3rd quarter in a few months. Scroll down to read the report or click here for a printable copy.
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