9700 Spanish Wells DR, Austin TX 78717

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $778,706. I'd recommend coming to market at $819,000 to $828,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 6 comparable homes on the market comparable homes currently on the market in AVERY SOUTH. The smaller floor plan (260 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2007, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 6 comparable homes in AVERY SOUTH; a buyer's market based on recent absorption. The trend in 78717 shows prices have fallen 4.5% in the past 6 months. 15150 Galena DR, Austin TX 78717 nearby adjusts to $843,694; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group