706 West, Austin TX 78701

The comparable sales data (5 recent transactions in 78701) supports an estimated value of $797,786. The data suggests a list price between $1,482,000 and $2,337,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the most affordable of 7 comparable homes on the market in 78701's current inventory. At 168 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 7 comparable homes in 78701; a buyer's market based on recent absorption. Prices in 78701 have fallen 24.1% over the last 6 months. A similar home at 1506 W 13th ST # 7, Austin TX 78703 carries an adjusted comparable value of $812,688, providing a strong data point. The strength of this estimate comes from 5 directly comparable sales in 78701. 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