2905 Jorwoods DR, Austin TX 78745

After reviewing 5 recent transactions in CHERRY CREEK, I estimate this property's value at $606,996. A competitive list price for this home right now would fall in the $589,000 to $625,000 range. This pricing would rank the home as the most expensive of 3 comparable homes on the market in CHERRY CREEK's current inventory. This home's larger footprint (150 sqft vs the comp average) plays a role in how the market prices it. Buyers in CHERRY CREEK have 3 comparable options right now, with asking prices between $499,900 and $574,000. Prices in CHERRY CREEK have fallen 7.1% over the last 6 months. A similar home at 2714 Inridge DR, Austin TX 78745 carries an adjusted comparable value of $547,060, providing a strong data point. With 5 comparable sales in CHERRY CREEK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group