The comparable sales data (7 recent transactions in COLONY NORTH) supports an estimated value of $310,220. The data suggests a list price between $244,000 and $254,000 would attract qualified buyers without leaving money on the table. Buyers shopping in COLONY NORTH right now would see this as a well positioned option among 5 comparable homes. With 5 similar homes currently listed in COLONY NORTH (a buyer's market), competition is a factor to consider. Prices in 78758 have fallen 4.6% over the last 6 months. A similar home at 8800 Redfield LN, Austin TX 78758 carries an adjusted comparable value of $369,001, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus