Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $2,717,584. I'd recommend coming to market at $2,663,000 to $2,772,000 to strike the right balance between value and market velocity. Among the similar homes currently available in STEINER RANCH, this price point stands out as competitive. Being 358 sqft smaller than the average comparable sale in this area impacts the per square foot value. The pool is a standout feature, with 1 of 7 comparable homes not offering one. With 7 similar homes currently listed in STEINER RANCH (a balanced market), competition is a factor to consider. The trend in STEINER RANCH shows prices have risen 6.6% in the past 6 months. 11805 Ranchview CT, Austin TX 78732 nearby adjusts to $1,630,152; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
