Based on 5 closed sales in GREAT HILLS, the data points to a value around $781,805 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $867,000 to $868,000. Relative to what's currently available in GREAT HILLS, this home would be the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (125 sqft compared to the average comp) is a meaningful differentiator in this price range. There are currently 7 similar homes on the market in GREAT HILLS, ranging from $750,000 to $1,085,000. Market data shows GREAT HILLS prices fallen 1.6% over the last half year. The closest comparable sale, 10511 Skyflower DR, Austin TX 78759 at an adjusted $934,914, is with a larger floor plan. The strength of this estimate comes from 5 directly comparable sales in GREAT HILLS. 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
