The market data from 3 similar recent sales in NEELYS CANYON CONDO points to a value of approximately $225,201. To sell within a reasonable timeframe at fair market value, the $187,000 to $197,000 range is where I'd position this. Against 4 similar active listings in NEELYS CANYON CONDO, this price point lands at the most expensive of 4 comparable homes on the market. Current inventory shows 4 comparable homes in NEELYS CANYON CONDO; a buyer's market based on recent absorption. In NEELYS CANYON CONDO, home values have fallen approximately 14% over the past 6 months. One of the strongest data points is 8200 Neely DR # 237, Austin TX 78759, adjusting to $284,150; a strong comparable. The 3 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
