Based on 7 closed sales in 78613, the data points to a value around $786,086 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $906,000 to $1,046,000. This pricing would rank the home as the most affordable of 5 comparable homes on the market in 78613's current inventory. Being 2,807 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 1.09 acres versus 0.19 for the typical comp. With 5 similar homes currently listed in 78613 (a balanced market), competition is a factor to consider. Market data shows 78613 prices fallen 3.4% over the last half year. The closest comparable sale, 9916 Royal New Kent DR, Austin TX 78717 at an adjusted $1,046,320, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in 78613. 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
