2606 Wilson ST # 1505, Austin TX 78704

The market data from 7 similar recent sales in FLATS points to a value of approximately $585,715. To sell within a reasonable timeframe at fair market value, the $684,000 to $686,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 6 comparable homes on the market comparable homes currently on the market in FLATS. The 2013 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 6 comparable homes in FLATS; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 2.3% over the past 6 months. One of the strongest data points is 506 South Park DR # 1, Austin TX 78704, adjusting to $681,467; a strong comparable. The 7 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