Based on 7 closed sales in COACHLIGHT CONDO, the data points to a value around $313,450 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $307,000 to $320,000. This home's position in the current COACHLIGHT CONDO market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. At 140 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1982 (8 years older than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in COACHLIGHT CONDO; a buyer's market based on recent absorption. Market data shows 78704 prices fallen 7.6% over the last half year. The closest comparable sale, 3204 Menchaca RD # 216, Austin TX 78704 at an adjusted $274,385, is with a smaller floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
