8610 Crest Ridge CIR, Austin TX 78750

Based on 3 closed sales in BALCONES, the data points to a value around $934,640 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $785,000 to $795,000. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in BALCONES's current inventory. The 115 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.49 acres versus 0.37 for the typical comp. With 7 similar homes currently listed in BALCONES (a balanced market), competition is a factor to consider. Market data shows BALCONES prices risen 31.3% over the last half year. The closest comparable sale, 9107 Cedar Crest DR, Austin TX 78750 at an adjusted $1,057,171, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in BALCONES. 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