After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,692,086. Pricing this home between $944,000 and $954,000 would put it in the competitive sweet spot for WESTWOOD. This would position the home competitively among 7 active listings in WESTWOOD. The 1,641 sqft size difference versus comparable sales is reflected in the adjusted values. At 21 years older than typical comps, the 1974 build date influences the valuation. Current inventory shows 7 comparable homes in WESTWOOD; a balanced market based on recent absorption. Market data shows WESTWOOD prices fallen 2.8% over the last half year. The closest comparable sale, 306 Briarwood TRL, Austin TX 78746 at an adjusted $1,462,863, is with a larger floor plan. With 7 comparable sales in WESTWOOD, 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