Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,594,503. To generate strong buyer interest while maximizing value, I'd price this between $3,428,000 and $4,571,000. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in WESTVIEW. Being 555 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2010 construction puts this home 10 years newer than the comp average, a factor in the pricing. Current inventory shows 6 comparable homes in WESTVIEW; a buyer's market based on recent absorption. The trend in WESTVIEW shows prices have fallen 42.8% in the past 6 months. 2808 Calaw CV, Austin TX 78746 nearby adjusts to $2,712,575; with a larger floor plan and a pool. 3 comparable transactions in WESTVIEW support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
