9400 Springwood DR, Austin TX 78750

The market data from 7 similar recent sales in BALCONES points to a value of approximately $1,071,262. To sell within a reasonable timeframe at fair market value, the $814,000 to $824,000 range is where I'd position this. In the current BALCONES market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. This home's larger footprint (246 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 7 comparable homes in BALCONES; a balanced market based on recent absorption. In BALCONES, home values have risen approximately 15.5% over the past 6 months. One of the strongest data points is 9403 Spring Hollow DR, Austin TX 78750, adjusting to $1,188,965; a strong comparable. 7 comparable transactions in BALCONES support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group