3902 Balcones DR, Austin TX 78731

The market data from 7 similar recent sales in 78731 points to a value of approximately $2,022,969. To sell within a reasonable timeframe at fair market value, the $1,057,000 to $1,067,000 range is where I'd position this. In the current 78731 market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The larger floor plan (159 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 2 of 7 comparable sales didn't include one. Current inventory shows 7 comparable homes in 78731; a buyer's market based on recent absorption. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 2620 Pecos ST, Austin TX 78703, adjusting to $1,396,449; with a smaller floor plan and no pool. 7 comparable transactions in 78731 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