Based on 7 closed sales in 78734, the data points to a value around $1,362,520 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $787,000 to $797,000. Relative to what's currently available in 78734, this home would be the 4th most expensive of 7 comparable homes on the market. Lot size matters here: 1.62 acres versus 0.50 for the typical comp. With 7 similar homes currently listed in 78734 (a buyer's market), competition is a factor to consider. Market data shows 78734 prices fallen 9.4% over the last half year. The closest comparable sale, 15 Glen Rock DR, The Hills TX 78738 at an adjusted $1,153,240, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78734. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
