Based on 7 closed sales in PARMER, the data points to a value around $383,836 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $423,000 to $424,000. This pricing would rank the home as the 3rd most expensive of 5 comparable homes on the market in PARMER's current inventory. Lot size matters here: 0.00 acres versus 0.13 for the typical comp. Current inventory shows 5 comparable homes in PARMER; a buyer's market based on recent absorption. Market data shows PARMER prices fallen 16% over the last half year. The closest comparable sale, 8605 Rock Pigeon DR, Austin TX 78729 at an adjusted $423,725, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PARMER. 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
