Based on 6 closed sales in ESTE CONDO, the data points to a value around $346,082 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $382,000 to $385,000. This pricing would rank the home as the most affordable of 7 comparable homes on the market in ESTE CONDO's current inventory. Being built in 2007 (6 years older than comps) is factored into the value estimate. There are currently 7 similar homes on the market in ESTE CONDO, ranging from $335,000 to $500,000. Market data shows 78702 prices fallen 2.2% over the last half year. The closest comparable sale, 2124 E 6th ST # 417, Austin TX 78702 at an adjusted $377,048, is a strong comparable. This estimate draws on 6 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus