11209 Peony CV, Austin TX 78750

After reviewing 5 recent transactions in ENCLAVE THE, I estimate this property's value at $1,037,180. A competitive list price for this home right now would fall in the $857,000 to $867,000 range. This pricing would rank the home as the most expensive of 3 comparable homes on the market in ENCLAVE THE's current inventory. At 229 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.30 acres versus the area average of 0.25) contributes to the valuation. With 3 similar homes currently listed in ENCLAVE THE (a balanced market), competition is a factor to consider. Prices in 78750 have fallen 9.2% over the last 6 months. A similar home at 11208 CEDARCLIFFE DR, Austin TX 78750 carries an adjusted comparable value of $874,832, providing a strong data point. The comp data here (5 sales in ENCLAVE THE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus