9405 Cedar Forest DR, Austin TX 78750

The comparable sales data (3 recent transactions in BALCONES) supports an estimated value of $1,011,269. The data suggests a list price between $1,222,000 and $1,535,000 would attract qualified buyers without leaving money on the table. This home's position in the current BALCONES market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. Lot size matters here: 0.44 acres versus 0.39 for the typical comp. Current inventory shows 7 comparable homes in BALCONES; a balanced market based on recent absorption. Prices in BALCONES have risen 25.1% over the last 6 months. A similar home at 9407 Springwood DR, Austin TX 78750 carries an adjusted comparable value of $975,082, providing a strong data point. The strength of this estimate comes from 3 directly comparable sales in BALCONES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group