Based on 7 closed sales in MOUNTAIN SHADOWS, the data points to a value around $432,761 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $348,000 to $358,000. Relative to what's currently available in MOUNTAIN SHADOWS, this home would be the most expensive of 5 comparable homes on the market. Lot size matters here: 0.23 acres versus 0.39 for the typical comp. Buyers in MOUNTAIN SHADOWS have 5 comparable options right now, with asking prices between $357,000 and $490,100. Market data shows 78735 prices fallen 5.6% over the last half year. The closest comparable sale, 6901 Raccoon RUN, Austin TX 78736 at an adjusted $343,326, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in MOUNTAIN SHADOWS. 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