The estimated value of this property is $1,124,227, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $938,000 and $948,000. Among the similar homes currently available in AVERY RANCH, this price point stands out as competitive. The larger floor plan (358 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a standout feature, with 2 of 6 comparable homes not offering one. With 3 similar homes currently listed in AVERY RANCH (a balanced market), competition is a factor to consider. Recent trends in AVERY RANCH show home values have fallen 8.5% since 6 months ago. The most comparable recent sale is 10532 Medinah Greens DR, Austin TX 78717, with an adjusted value of $1,195,558; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group