Based on 5 closed sales in COMANCHE CANYON RANCH AREA, the data points to a value around $1,318,932 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,653,000 to $1,671,000. This home's position in the current COMANCHE CANYON RANCH AREA market: the 2nd least expensive of 5 comparable homes on the market among comparable properties. The larger floor plan (926 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2016 (5 years newer than comps) is factored into the value estimate. Current inventory shows 5 comparable homes in COMANCHE CANYON RANCH AREA; a buyer's market based on recent absorption. Market data shows 78732 prices fallen 5.7% over the last half year. The closest comparable sale, 13125 Villa Montana WAY, Austin TX 78732 at an adjusted $1,525,597, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in COMANCHE CANYON RANCH AREA. 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
