8207 Avocet DR, Austin TX 78745

The market data from 7 similar recent sales in CHERRY CREEK points to a value of approximately $505,609. To sell within a reasonable timeframe at fair market value, the $428,000 to $438,000 range is where I'd position this. With 7 comparable homes on the market in CHERRY CREEK, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1986 construction puts this home 5 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in CHERRY CREEK, listed between $407,449 and $625,000. In CHERRY CREEK, home values have fallen approximately 7.1% over the past 6 months. One of the strongest data points is 8708 Cretys CV, Austin TX 78745, adjusting to $254,381; a strong comparable. 7 comparable transactions in CHERRY CREEK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group