April 2018 Home Sales Pretty Disappointing So Far

Canyon Lake April 2018 Home SalesHome sales in Canyon Lake started off pretty slow this year like they usually do but unfortunately never really picked up speed.  Compared to April 2017 which saw 27 closings, this April so far has only produced 13 closed sales.  the month isn't over yet, but there are only a few days left so we're not likely to catch last years numbers.

In fact, it looks like April 2018 might end up being the worst April of this decade in Canyon Lake for closed sales as you can see from the totals below:

April 2018 - 13 Closed Sales
April 2017 - 27 Closed Sales
April 2016 - 16 Closed Sales
April 2015 - 33 Closed Sales
April 2014 - 26 Closed Sales
April 2013 - 32 Closed Sales
April 2012 - 20 Closed Sales
April 2011 - 17 Closed Sales
April 2010 - 20 Closed Sales


Is The Canyon Lake Market Slowing Down?

Does this mean the market in Canyon Lake is slowing down?  Probably not.  There are currently 48 homes under contract or in escrow currently in Canyon Lake so it's more likely just a matter of timing.  There are a few more available homes on the market this month, but our inventory of available homes is still historically low.

And our average "Days on Market" and "Months Supply of Homes" are currently at a 10 year low which indicates the market is pretty hot right now.  The weak sales in April might be more a result of a poor selection of available homes in the most popular price ranges which is keeping buyers from writing offers.

But get ready because May is typically a strong month in Canyon Lake every year and is generally regarded as the kickoff to the summer selling season.  And according to a recent study by ATTOM Data Solutions published in REALTOR Magazine, May is the Luckiest Month for Home Sellers offering the highest sales prices nationwide.

So, if your home is currently listed and hasn't sold, don't despair as activity is likely to pick up.  And if you're thinking about putting your home on the market let's talk about the best timing to get you the highest possible sales price. 

Thanks for checking in, let us know if you have any questions.



Enjoy your weekend and don't hesitate to give us a call if you would like to see some properties.


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