After reviewing 7 recent transactions in LONG CANYON, I estimate this property's value at $3,672,136. A competitive list price for this home right now would fall in the $1,708,000 to $1,718,000 range. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in LONG CANYON's current inventory. Being 641 sqft larger than the average comparable sale in this area impacts the per square foot value. At 17 years newer than typical comps, the 2014 build date influences the valuation. Current inventory shows 5 comparable homes in LONG CANYON; a balanced market based on recent absorption. Prices in LONG CANYON have fallen 35.2% over the last 6 months. A similar home at 5722 Standing Rock DR, Austin TX 78730 carries an adjusted comparable value of $2,142,000, providing a strong data point. With 7 comparable sales in LONG CANYON, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
