Based on 5 closed sales in GREAT HILLS, the data points to a value around $955,439 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $718,000 to $728,000. This home's position in the current GREAT HILLS market: the most expensive of 7 comparable homes on the market among comparable properties. The 262 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1994 (8 years newer than comps) is factored into the value estimate. 7 similar homes are currently available in GREAT HILLS, creating a balanced market for this price range. Market data shows GREAT HILLS prices risen 1.3% over the last half year. The closest comparable sale, 9010 Bluegrass DR, Austin TX 78759 at an adjusted $913,255, is with a larger 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