Based on 7 closed sales in FOREST NORTH ESTATES, the data points to a value around $462,182 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $529,000 to $538,000. Relative to what's currently available in FOREST NORTH ESTATES, this home would be the most affordable of 4 comparable homes on the market. The smaller floor plan (112 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.37 acres versus 0.32 for the typical comp. Buyers in FOREST NORTH ESTATES have 4 comparable options right now, with asking prices between $514,000 and $575,000. Market data shows FOREST NORTH ESTATES prices fallen 7.2% over the last half year. The closest comparable sale, 13226 Broadmeade Ave, Austin TX 78729 at an adjusted $577,244, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in FOREST NORTH ESTATES. 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