Based on 7 closed sales in BALCONES HOMES, the data points to a value around $931,487 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $693,000 to $703,000. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in BALCONES HOMES's current inventory. Being built in 2007 (19 years newer than comps) is factored into the value estimate. Lot size matters here: 0.19 acres versus 0.25 for the typical comp. Right now, 7 similar properties are competing for buyers in BALCONES HOMES, listed between $650,000 and $1,025,000. Market data shows 78750 prices fallen 13.9% over the last half year. The closest comparable sale, 9112 Balcones Club DR, Austin TX 78750 at an adjusted $937,432, is with a larger floor plan. This estimate draws on 7 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
