311 W 5th ST # 908, Austin TX 78701

Based on 7 closed sales in PLAZA LOFTS CONDO, the data points to a value around $632,550 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $527,000 to $537,000. This would position the home competitively among 7 active listings in PLAZA LOFTS CONDO. Being built in 2002 (5 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in PLAZA LOFTS CONDO; a buyer's market based on recent absorption. Market data shows 78701 prices fallen 24.1% over the last half year. The closest comparable sale, 360 Nueces ST # 2105, Austin TX 78701 at an adjusted $682,991, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PLAZA LOFTS CONDO. 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