168 CANNA LILY CIR, Driftwood TX 78619

Based on 7 closed sales in SIERRA WEST, the data points to a value around $641,829 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $485,000 to $495,000. Relative to what's currently available in SIERRA WEST, this home would be the most expensive of 3 comparable homes on the market. The 138 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 1.73 acres versus 3.29 for the typical comp. Current inventory shows 3 comparable homes in SIERRA WEST; a buyer's market based on recent absorption. Market data shows 78619 prices fallen 12% over the last half year. The closest comparable sale, 308 Canna Lily CIR, Driftwood TX 78619 at an adjusted $544,392, is with a larger floor plan and a pool. The strength of this estimate comes from 7 directly comparable sales in SIERRA WEST. 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