My analysis of 7 comparable properties puts this home's estimated value at $272,849. Based on how the local market is moving, a list price between $265,000 and $281,000 would position this home well. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in BOULEVARD A CONDO's current inventory. The smaller lot (0.05 acres versus the area average of 0.09) contributes to the valuation. Current inventory shows 7 comparable homes in BOULEVARD A CONDO; a seller's market based on recent absorption. The 6 month price trend in BOULEVARD A CONDO: fallen 1.6%. The best comp here is 1201 Grove BLVD # 1501, Austin TX 78741 at an adjusted value of $247,250, a strong comparable. With 7 comparable sales in BOULEVARD A CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
