Based on 7 closed sales in BALCONES WOODS, the data points to a value around $588,629 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $372,000 to $382,000. Buyers shopping in BALCONES WOODS right now would see this as a well positioned option among 6 comparable homes. This home's smaller footprint (118 sqft vs the comp average) plays a role in how the market prices it. Right now, 6 similar properties are competing for buyers in BALCONES WOODS, listed between $350,000 and $649,900. Market data shows BALCONES WOODS prices fallen 9.8% over the last half year. The closest comparable sale, 11501 Toledo DR, Austin TX 78759 at an adjusted $598,736, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in BALCONES WOODS. 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