8402 Cima Serena CT, Austin TX 78759

The market data from 4 similar recent sales in SUMMER WOOD points to a value of approximately $732,875. To sell within a reasonable timeframe at fair market value, the $855,000 to $909,000 range is where I'd position this. With 7 comparable homes on the market in SUMMER WOOD, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (157 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 7 comparable homes in SUMMER WOOD; a buyer's market based on recent absorption. In SUMMER WOOD, home values have fallen approximately 12.5% over the past 6 months. One of the strongest data points is 3805 Woodbrook CIR, Austin TX 78759, adjusting to $692,727; with a smaller floor plan. 4 comparable transactions in SUMMER WOOD 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