The market data from 5 similar recent sales in DRY CREEK WEST CONDO points to a value of approximately $250,130. To sell within a reasonable timeframe at fair market value, the $265,000 to $269,000 range is where I'd position this. Among the similar homes currently available in DRY CREEK WEST CONDO, this price point stands out as competitive. Being 138 sqft smaller than the average comparable sale in this area impacts the per square foot value. With 7 similar homes currently listed in DRY CREEK WEST CONDO (a balanced market), competition is a factor to consider. In DRY CREEK WEST CONDO, home values have risen approximately 22.5% over the past 6 months. One of the strongest data points is 3839 Dry Creek DR # 223, Austin TX 78731, adjusting to $165,000; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group