Based on 7 closed sales in HIGHLAND PARK WEST CONDO, the data points to a value around $254,561 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $270,000 to $273,000. This would position the home competitively among 3 active listings in HIGHLAND PARK WEST CONDO. Being built in 1960 (14 years older than comps) is factored into the value estimate. With 3 similar homes currently listed in HIGHLAND PARK WEST CONDO (a buyer's market), competition is a factor to consider. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 5326 Balcones DR # B, Austin TX 78731 at an adjusted $269,727, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in HIGHLAND PARK WEST 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