Based on 3 closed sales in HIGHLAND PARK WEST, the data points to a value around $1,022,091 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,208,000 to $1,305,000. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in HIGHLAND PARK WEST's current inventory. This home's smaller footprint (341 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.49 acres versus 0.32 for the typical comp. 4 similar homes are currently available in HIGHLAND PARK WEST, creating a seller's market for this price range. Market data shows HIGHLAND PARK WEST prices fallen 44.8% over the last half year. The closest comparable sale, 3506 Lakeland DR, Austin TX 78731 at an adjusted $1,207,582, is with a larger floor plan. The strength of this estimate comes from 3 directly comparable sales in HIGHLAND PARK WEST. 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
