301 West Ave # 1005, Austin TX 78701

Based on 6 closed sales in INDEPENDENT CONDOS, the data points to a value around $650,463 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $492,000 to $502,000. Relative to what's currently available in INDEPENDENT CONDOS, this home would be the 2nd least expensive of 7 comparable homes on the market. Lot size matters here: 0.00 acres versus 0.08 for the typical comp. Current inventory shows 7 comparable homes in INDEPENDENT CONDOS; a buyer's market based on recent absorption. Market data shows INDEPENDENT CONDOS prices risen 13% over the last half year. The closest comparable sale, 501 West Ave # 705, Austin TX 78701 at an adjusted $600,507, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in INDEPENDENT CONDOS. 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