5007 Arax CV, Austin TX 78731

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,234,581. I'd recommend coming to market at $856,000 to $866,000 to strike the right balance between value and market velocity. In the current VISTA WEST market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. This home's smaller footprint (201 sqft vs the comp average) plays a role in how the market prices it. With 5 similar homes currently listed in VISTA WEST (a balanced market), competition is a factor to consider. The trend in VISTA WEST shows prices have fallen 6.8% in the past 6 months. 7507 Downridge DR, Austin TX 78731 nearby adjusts to $1,369,654; with a larger floor plan. Based on 4 relevant data points in VISTA WEST, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX