The market data from 7 similar recent sales in COMANCHE CANYON RANCH AREA points to a value of approximately $1,337,582. To sell within a reasonable timeframe at fair market value, the $1,841,000 to $1,854,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in COMANCHE CANYON RANCH AREA. This home's larger footprint (879 sqft vs the comp average) plays a role in how the market prices it. The 2017 construction puts this home 11 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in COMANCHE CANYON RANCH AREA; a buyer's market based on recent absorption. In 78732, home values have risen approximately 5.5% over the past 6 months. One of the strongest data points is 12900 Monte Castillo PKWY, Austin TX 78732, adjusting to $1,303,136; with a larger floor plan and a pool. 7 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
