2428 Elara DR, Austin TX 78725

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $330,073. To generate strong buyer interest while maximizing value, I'd price this between $173,000 and $183,000. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in HORNSBY GLEN. The smaller floor plan (143 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2010 construction puts this home 9 years older than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in HORNSBY GLEN; a buyer's market based on recent absorption. The trend in 78725 shows prices have fallen 4.5% in the past 6 months. 11916 Coyote Call WAY, Austin TX 78725 nearby adjusts to $310,995; with a larger floor plan. The 5 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