Based on 7 closed sales in WEST PARK, the data points to a value around $1,206,097 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,036,000 to $1,046,000. Buyers shopping in WEST PARK right now would see this as a well positioned option among 6 comparable homes. At 385 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 2015 (37 years newer than comps) is factored into the value estimate. The active market in WEST PARK includes 6 comparable homes priced from $1,090,000 to $1,629,000. Market data shows 78704 prices fallen 5.7% over the last half year. The closest comparable sale, 2301 Westworth CIR, Austin TX 78704 at an adjusted $1,003,916, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in WEST PARK. 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
