Based on 7 closed sales in HIGHLANDS, the data points to a value around $650,755 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $264,000 to $274,000. Relative to what's currently available in HIGHLANDS, this home would be the most expensive of 7 comparable homes on the market. Being 393 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 2006 (36 years newer than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in HIGHLANDS; a buyer's market based on recent absorption. Market data shows HIGHLANDS prices risen 20% over the last half year. The closest comparable sale, 4902 Avenue G, Austin TX 78751 at an adjusted $555,371, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus