My analysis of 5 comparable properties puts this home's estimated value at $466,493. Based on how the local market is moving, a list price between $493,000 and $530,000 would position this home well. This home's position in the current COLINA VISTA market: the most affordable of 5 comparable homes on the market among comparable properties. Being 156 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.00 acres versus the area average of 0.16) contributes to the valuation. Right now, 5 similar properties are competing for buyers in COLINA VISTA, listed between $495,000 and $683,900. The 6 month price trend in 78750: fallen 8.2%. The best comp here is 9621 Solana Vista LOOP # B, Austin TX 78750 at an adjusted value of $429,874, a strong comparable. With 5 comparable sales in COLINA VISTA, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group