505 W 7th ST # 111, Austin TX 78701

The market data from 7 similar recent sales in POSADA DEL REY CONDO points to a value of approximately $345,129. To sell within a reasonable timeframe at fair market value, the $298,000 to $308,000 range is where I'd position this. Among the similar homes currently available in POSADA DEL REY CONDO, this price point stands out as competitive. The 1964 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in POSADA DEL REY CONDO; a buyer's market based on recent absorption. In 78701, home values have fallen approximately 22.2% over the past 6 months. One of the strongest data points is 505 W 7th ST # 108, Austin TX 78701, adjusting to $262,849; a strong comparable. The 7 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