The market data from 3 similar recent sales in COMANCHE CANYON RANCH AREA points to a value of approximately $1,337,190. To sell within a reasonable timeframe at fair market value, the $1,063,000 to $1,073,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in COMANCHE CANYON RANCH AREA. This home's larger footprint (888 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 5 comparable homes in COMANCHE CANYON RANCH AREA; a buyer's market based on recent absorption. In 78732, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 13125 Villa Montana WAY, Austin TX 78732, adjusting to $1,764,079; with a smaller floor plan. 3 comparable transactions in COMANCHE CANYON RANCH AREA support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
