The market data from 5 similar recent sales in WESTFIELD points to a value of approximately $3,659,406. To sell within a reasonable timeframe at fair market value, the $3,882,000 to $3,930,000 range is where I'd position this. Against 5 similar active listings in WESTFIELD, this price point lands at the 2nd least expensive of 5 comparable homes on the market. Being 547 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2018 construction puts this home 5 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in WESTFIELD (a buyer's market), competition is a factor to consider. In WESTFIELD, home values have fallen approximately 14.7% over the past 6 months. One of the strongest data points is 1904 Sharon LN, Austin TX 78703, adjusting to $3,256,951; with a smaller floor plan and a pool. 5 comparable transactions in WESTFIELD support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group