8618 Alverstone WAY, Austin TX 78759

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,068,025. Pricing this home between $862,000 and $872,000 would put it in the competitive sweet spot for GREAT HILLS. Buyers shopping in GREAT HILLS right now would see this as a well positioned option among 6 comparable homes. The larger floor plan (100 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.47 acres versus the area average of 0.34) contributes to the valuation. 6 similar homes are currently available in GREAT HILLS, creating a buyer's market for this price range. Market data shows GREAT HILLS prices fallen 8% over the last half year. The closest comparable sale, 6304 Lost Horizon DR, Austin TX 78759 at an adjusted $1,306,567, is a strong comparable. The comp data here (7 sales in GREAT HILLS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus