Based on 4 closed sales in NOKONAH CONDO, the data points to a value around $1,848,224 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,410,000 to $1,420,000. This would position the home competitively among 4 active listings in NOKONAH CONDO. Being built in 2001 (7 years older than comps) is factored into the value estimate. With 4 similar homes currently listed in NOKONAH CONDO (a buyer's market), competition is a factor to consider. Market data shows 78703 prices fallen 14.5% over the last half year. The closest comparable sale, 800 W 5th ST # 808, Austin TX 78703 at an adjusted $1,349,282, is a strong comparable. This estimate draws on 4 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