After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $278,554. Pricing this home between $298,000 and $310,000 would put it in the competitive sweet spot for WESTPLACE CONDO. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in WESTPLACE CONDO's current inventory. With 7 similar homes currently listed in WESTPLACE CONDO (a buyer's market), competition is a factor to consider. Market data shows 78705 prices fallen 20.3% over the last half year. The closest comparable sale, 2300 Leon ST # 205, Austin TX 78705 at an adjusted $267,773, is a strong comparable. The comp data here (6 sales in WESTPLACE CONDO) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus