The market data from 3 similar recent sales in VISTA RIDGE points to a value of approximately $1,266,000. To sell within a reasonable timeframe at fair market value, the $1,805,000 to $1,806,000 range is where I'd position this. In the current VISTA RIDGE market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The larger floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2008 construction puts this home 5 years newer than the comp average, a factor in the pricing. With 7 similar homes currently listed in VISTA RIDGE (a buyer's market), competition is a factor to consider. In VISTA RIDGE, home values have fallen approximately 24.9% over the past 6 months. One of the strongest data points is 7115 Las Ventanas DR, Austin TX 78731, adjusting to $1,107,180; with a smaller floor plan. 3 comparable transactions in VISTA RIDGE 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
