3506 Speedway # 204, Austin TX 78705

Based on 7 closed sales in 78705, the data points to a value around $173,343 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $205,000 to $215,000. Relative to what's currently available in 78705, this home would be the 3rd least expensive of 7 comparable homes on the market. Lot size matters here: 0.01 acres versus 0.13 for the typical comp. The active market in 78705 includes 7 comparable homes priced from $159,900 to $280,000. Market data shows 78705 prices fallen 4.6% over the last half year. The closest comparable sale, 4405 Avenue A # 14, Austin TX 78751 at an adjusted $109,812, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78705. 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