Based on 7 closed sales in CHERRY CREEK, the data points to a value around $563,919 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $407,000 to $417,000. Relative to what's currently available in CHERRY CREEK, this home would be the 3rd most expensive of 6 comparable homes on the market. 6 similar homes are currently available in CHERRY CREEK, creating a balanced market for this price range. Market data shows CHERRY CREEK prices risen 4.9% over the last half year. The closest comparable sale, 6501 Boleynwood DR, Austin TX 78745 at an adjusted $423,352, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus