311 5 St W # 1106, Austin TX 78701

Based on 7 closed sales in 78701, the data points to a value around $430,140 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $364,000 to $374,000. This would position the home competitively among 7 active listings in 78701. Being built in 2002 (5 years older than comps) is factored into the value estimate. Buyers in 78701 have 7 comparable options right now, with asking prices between $349,990 and $899,000. Market data shows 78701 prices fallen 5.8% over the last half year. The closest comparable sale, 360 Nueces ST # 2807, Austin TX 78701 at an adjusted $450,772, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78701. 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