Based on 7 closed sales in VINEYARD, the data points to a value around $1,251,710 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,437,000 to $1,720,000. This pricing would rank the home as the most affordable of 2 comparable homes on the market in VINEYARD's current inventory. This home's larger footprint (270 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 1.87 acres versus 0.70 for the typical comp. Buyers in VINEYARD have 2 comparable options right now, with asking prices between $2,500,000 and $2,500,000. Market data shows 78619 prices risen 2.6% over the last half year. The closest comparable sale, 298 Premier Park LOOP, Dripping Springs TX 78620 at an adjusted $989,951, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in VINEYARD. 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
