Based on 7 closed sales in PRESERVE LAKEWAY, the data points to a value around $1,220,933 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $992,000 to $1,002,000. This home's position in the current PRESERVE LAKEWAY market: the most expensive of 3 comparable homes on the market among comparable properties. The 206 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2020 (11 years newer than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in PRESERVE LAKEWAY; a buyer's market based on recent absorption. Market data shows 78734 prices risen 6.2% over the last half year. The closest comparable sale, 60 Tiburon DR, The Hills TX 78738 at an adjusted $1,251,955, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PRESERVE LAKEWAY. 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
