Reviewing the most recent comparable transactions, this home's market value falls around $502,650. For a well positioned listing in QUAIL CREEK, I'd target the $277,000 to $287,000 range. With 7 comparable homes on the market in QUAIL CREEK, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. This home's smaller footprint (110 sqft vs the comp average) plays a role in how the market prices it. At 0.30 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in QUAIL CREEK, listed between $314,900 and $619,900. Recent trends in QUAIL CREEK show home values have fallen 12.4% since 6 months ago. The most comparable recent sale is 9203 Quail Rock CIR, Austin TX 78758, with an adjusted value of $524,668; a strong comparable. 7 comparable transactions in QUAIL CREEK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group