The market data from 6 similar recent sales in PARKWOOD points to a value of approximately $390,274. To sell within a reasonable timeframe at fair market value, the $368,000 to $371,000 range is where I'd position this. Against 7 similar active listings in PARKWOOD, this price point lands at the most expensive of 7 comparable homes on the market. Right now, 7 similar properties are competing for buyers in PARKWOOD, listed between $330,000 and $550,000. In PARKWOOD, home values have fallen approximately 9.9% over the past 6 months. One of the strongest data points is 8105 Almondsbury LN, Austin TX 78748, adjusting to $509,904; a strong comparable. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group