4205 BALCONES DR, Austin TX 78731

Based on 4 closed sales in 78731, the data points to a value around $1,712,862 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,000,000 to $1,010,000. Relative to what's currently available in 78731, this home would be the most expensive of 7 comparable homes on the market. Lot size matters here: 0.50 acres versus 0.45 for the typical comp. With 7 similar homes currently listed in 78731 (a buyer's market), competition is a factor to consider. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 4715 Highland TER, Austin TX 78731 at an adjusted $1,334,162, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in 78731. 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