My analysis of 7 comparable properties puts this home's estimated value at $1,037,325. Based on how the local market is moving, a list price between $1,047,000 and $1,126,000 would position this home well. This would position the home competitively among 3 active listings in LONG CANYON. The smaller floor plan (292 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (1.86 acres versus the area average of 0.90) contributes to the valuation. Right now, 3 similar properties are competing for buyers in LONG CANYON, listed between $885,000 and $4,795,000. The 6 month price trend in LONG CANYON: fallen 35.2%. The best comp here is 6609 Serena CV, Austin TX 78730 at an adjusted value of $969,567, with a larger floor plan. The comp data here (7 sales in LONG CANYON) 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