5629 Signal PT, Austin TX 78724

Based on 7 closed sales in MEADOWS CROSSING1, the data points to a value around $321,986 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $257,000 to $267,000. Buyers shopping in MEADOWS CROSSING1 right now would see this as a well positioned option among 3 comparable homes. This home's smaller footprint (749 sqft vs the comp average) plays a role in how the market prices it. Being built in 2004 (7 years older than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in MEADOWS CROSSING1; a buyer's market based on recent absorption. Market data shows 78724 prices risen 6.9% over the last half year. The closest comparable sale, 5740 Alsace TRL, Austin TX 78724 at an adjusted $263,296, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in MEADOWS CROSSING1. 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