9407 CEDAR CREST DR, Austin TX 78750

Based on 7 closed sales in BALCONES, the data points to a value around $909,506 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $476,000 to $486,000. This would position the home competitively among 7 active listings in BALCONES. This home's smaller footprint (111 sqft vs the comp average) plays a role in how the market prices it. Being built in 2005 (32 years newer than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in BALCONES; a balanced market based on recent absorption. Market data shows BALCONES prices risen 36.3% over the last half year. The closest comparable sale, 9404 Arch Hill CIR, Austin TX 78750 at an adjusted $693,771, is a strong comparable. 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