5103 Backtrail DR, Austin TX 78731

The market data from 4 similar recent sales in CAT MOUNTAIN NORTH points to a value of approximately $1,802,135. To sell within a reasonable timeframe at fair market value, the $1,191,000 to $1,201,000 range is where I'd position this. In the current CAT MOUNTAIN NORTH market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The pool is a differentiator here, since 1 of 4 comparable sales didn't include one. At 0.26 acres, the lot is smaller than the 0.29 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in CAT MOUNTAIN NORTH; a buyer's market based on recent absorption. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 6209 Shadow Mountain DR, Austin TX 78731, adjusting to $1,675,508; a strong comparable. 4 comparable transactions in CAT MOUNTAIN NORTH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group