505 W 7th ST # 119, Austin TX 78701

Based on 7 closed sales in POSADA DEL REY CONDO, the data points to a value around $423,984 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $344,000 to $354,000. Relative to what's currently available in POSADA DEL REY CONDO, this home would be the most expensive of 4 comparable homes on the market. Being built in 1964 (20 years older than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in POSADA DEL REY CONDO; a buyer's market based on recent absorption. Market data shows 78701 prices fallen 21.3% over the last half year. The closest comparable sale, 1122 Colorado ST # 1902, Austin TX 78701 at an adjusted $621,599, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in POSADA DEL REY CONDO. 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