8316 Carranzo DR, Austin TX 78735

Based on 7 closed sales in 78735, the data points to a value around $2,199,012 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,817,000 to $1,827,000. Buyers shopping in 78735 right now would see this as a well positioned option among 3 comparable homes. The 268 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.31 acres versus 0.27 for the typical comp. The active market in 78735 includes 3 comparable homes priced from $1,825,000 to $3,995,000. Market data shows 78735 prices fallen 23.1% over the last half year. The closest comparable sale, 1916 Wimberly LN, Austin TX 78735 at an adjusted $1,814,461, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in 78735. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group