The comparable sales data (5 recent transactions in COLDWATER RIDGE CONDO) supports an estimated value of $1,713,736. The data suggests a list price between $1,095,000 and $1,105,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in COLDWATER RIDGE CONDO, this home would be the 2nd most expensive of 7 comparable homes on the market. Being 114 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 2006 (10 years newer than comps) is factored into the value estimate. With 7 similar homes currently listed in COLDWATER RIDGE CONDO (a buyer's market), competition is a factor to consider. Prices in 78730 have fallen 4% over the last 6 months. A similar home at 5909 Inter Council CV, Austin TX 78731 carries an adjusted comparable value of $1,385,190, providing a strong data point. This estimate draws on 5 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