My analysis of 4 comparable properties puts this home's estimated value at $359,909. Based on how the local market is moving, a list price between $375,000 and $376,000 would position this home well. This would position the home competitively among 7 active listings in PEDERNALES CONDO. This home's smaller footprint (119 sqft vs the comp average) plays a role in how the market prices it. 7 similar homes are currently available in PEDERNALES CONDO, creating a buyer's market for this price range. The 6 month price trend in 78702: fallen 2.2%. The best comp here is 2235 E 6th ST # 302, Austin TX 78702 at an adjusted value of $374,973, a strong comparable. With 4 comparable sales in PEDERNALES CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group