2111 Falcon Hill DR, Austin TX 78745

The market data from 7 similar recent sales in CHERRY CREEK points to a value of approximately $463,884. To sell within a reasonable timeframe at fair market value, the $381,000 to $391,000 range is where I'd position this. In the current CHERRY CREEK market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 1968 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in CHERRY CREEK; a balanced market based on recent absorption. In CHERRY CREEK, home values have fallen approximately 4.4% over the past 6 months. One of the strongest data points is 2329 Campden DR, Austin TX 78745, adjusting to $589,856; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group