6613 Candle Ridge CV, Austin TX 78731

After reviewing 3 recent transactions in MEADOW MOUNTAIN, I estimate this property's value at $1,025,323. A competitive list price for this home right now would fall in the $834,000 to $844,000 range. This home's position in the current MEADOW MOUNTAIN market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. This home's larger footprint (254 sqft vs the comp average) plays a role in how the market prices it. 7 similar homes are currently available in MEADOW MOUNTAIN, creating a buyer's market for this price range. Prices in 78731 have fallen 15.8% over the last 6 months. A similar home at 4111 Spicewood Springs RD # 1, Austin TX 78759 carries an adjusted comparable value of $978,298, providing a strong data point. The comp data here (3 sales in MEADOW MOUNTAIN) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus