Reviewing the most recent comparable transactions, this home's market value falls around $1,185,088. For a well positioned listing in GREAT HILLS, I'd target the $1,161,000 to $1,209,000 range. Against 4 similar active listings in GREAT HILLS, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The pool is a differentiator here, since 4 of 7 comparable sales didn't include one. At 0.31 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. 4 similar homes are currently available in GREAT HILLS, creating a balanced market for this price range. Recent trends in GREAT HILLS show home values have fallen 3.6% since 6 months ago. The most comparable recent sale is 5654 Rain Creek PKWY, Austin TX 78759, with an adjusted value of $1,178,161; a strong comparable. 7 comparable transactions in GREAT HILLS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group