Based on 7 closed sales in PARMER, the data points to a value around $406,000 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $453,000 to $488,000. This home's position in the current PARMER market: the most affordable of 3 comparable homes on the market among comparable properties. Being built in 2008 (5 years older than comps) is factored into the value estimate. Lot size matters here: 0.10 acres versus 0.14 for the typical comp. 3 similar homes are currently available in PARMER, creating a balanced market for this price range. Market data shows PARMER prices fallen 6.5% over the last half year. The closest comparable sale, 13400 Briarwick DR # 901, Austin TX 78729 at an adjusted $369,456, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PARMER. 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