2804 Cornish CIR, Austin TX 78745

Based on 3 closed sales in CHERRY CREEK, the data points to a value around $538,059 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $566,000 to $569,000. Relative to what's currently available in CHERRY CREEK, this home would be the 4th most expensive of 7 comparable homes on the market. Lot size matters here: 0.37 acres versus 0.31 for the typical comp. With 7 similar homes currently listed in CHERRY CREEK (a balanced market), competition is a factor to consider. Market data shows CHERRY CREEK prices fallen 7.1% over the last half year. The closest comparable sale, 5911 West Gate BLVD, Austin TX 78745 at an adjusted $516,058, is with a larger floor plan. The strength of this estimate comes from 3 directly comparable sales in CHERRY CREEK. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group