Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $651,527. I'd recommend coming to market at $506,000 to $516,000 to strike the right balance between value and market velocity. In the current WESTCREEK market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (127 sqft compared to the average comp) is a meaningful differentiator in this price range. With 7 similar homes currently listed in WESTCREEK (a balanced market), competition is a factor to consider. The trend in WESTCREEK shows prices have fallen 6.3% in the past 6 months. 5213 Summerset TRL, Austin TX 78749 nearby adjusts to $531,675; a strong comparable. Based on 7 relevant data points in WESTCREEK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX