8508 Echo Shore CV, Austin TX 78737

Based on 5 closed sales in RIDGEVIEW, the data points to a value around $1,076,475 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,292,000 to $1,370,000. Relative to what's currently available in RIDGEVIEW, this home would be the 2nd most expensive of 5 comparable homes on the market. At 198 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.00 acres versus 0.62 for the typical comp. With 5 similar homes currently listed in RIDGEVIEW (a balanced market), competition is a factor to consider. Market data shows 78737 prices risen 0.6% over the last half year. The closest comparable sale, 8409 Evelina TRL, Austin TX 78737 at an adjusted $858,389, is with a smaller floor plan. This estimate draws on 5 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