8905 Bear Creek DR, Austin TX 78737

After reviewing 3 recent transactions in BEAR CREEK OAKS, I estimate this property's value at $645,814. A competitive list price for this home right now would fall in the $479,000 to $489,000 range. This home's position in the current BEAR CREEK OAKS market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. At 12 years older than typical comps, the 1985 build date influences the valuation. The smaller lot (1.73 acres versus the area average of 1.92) contributes to the valuation. Current inventory shows 5 comparable homes in BEAR CREEK OAKS; a balanced market based on recent absorption. Prices in 78737 have risen 3.8% over the last 6 months. A similar home at 8302 N Madrone TRL, Austin TX 78737 carries an adjusted comparable value of $548,564, providing a strong data point. The comp data here (3 sales in BEAR CREEK OAKS) 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