11503 Pencewood DR, Austin TX 78750

Based on 6 closed sales in SPICEWOOD BALCONES, the data points to a value around $1,228,452 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,274,000 to $1,324,000. This home's position in the current SPICEWOOD BALCONES market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. Being 235 sqft larger than the average comparable sale in this area impacts the per square foot value. A pool adds market appeal. Only 6 minus 5 of the comps had one. Current inventory shows 4 comparable homes in SPICEWOOD BALCONES; a seller's market based on recent absorption. Market data shows SPICEWOOD BALCONES prices risen 8.3% over the last half year. The closest comparable sale, 11402 Pencewood DR, Austin TX 78750 at an adjusted $1,226,936, is a strong comparable. This estimate draws on 6 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus