8503 Bismark CV, Austin TX 78745

The market data from 7 similar recent sales in CHERRY CREEK points to a value of approximately $454,787. To sell within a reasonable timeframe at fair market value, the $553,000 to $557,000 range is where I'd position this. With 3 comparable homes on the market in CHERRY CREEK, this price positions the property as the most affordable of 3 comparable homes on the market. Current inventory shows 3 comparable homes in CHERRY CREEK; a balanced market based on recent absorption. 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 $255,676; 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