6309 Northgrove RD, Austin TX 78731

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,648,345. I'd recommend coming to market at $1,077,000 to $1,087,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78731, this price point lands at the 3rd most expensive of 7 comparable homes on the market. This home's larger footprint (308 sqft vs the comp average) plays a role in how the market prices it. Built in 1999, this home is 10 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in 78731; a buyer's market based on recent absorption. The trend in 78731 shows prices have fallen 16.9% in the past 6 months. 7115 Las Ventanas DR, Austin TX 78731 nearby adjusts to $1,120,255; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group