Based on 7 closed sales in COLONY, the data points to a value around $664,142 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $686,000 to $695,000. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in COLONY's current inventory. At 105 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 2015 (6 years older than comps) is factored into the value estimate. Buyers in COLONY have 5 comparable options right now, with asking prices between $645,000 and $699,000. Market data shows COLONY prices fallen 16.6% over the last half year. The closest comparable sale, 102 Mills XING, Bastrop TX 78602 at an adjusted $686,160, is with a pool. 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