Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,193,024. I'd recommend coming to market at $968,000 to $978,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in GREENSHORES. The 0.50 acre lot (larger than the 0.47 acre average) is reflected in the estimate. 7 similar homes are currently available in GREENSHORES, creating a balanced market for this price range. The trend in GREENSHORES shows prices have fallen 17.2% in the past 6 months. 7428 Oak Shores DR, Austin TX 78730 nearby adjusts to $1,324,367; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
