Based on 7 closed sales in LA VENTANA, the data points to a value around $1,147,511 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,318,000 to $1,322,000. This home's position in the current LA VENTANA market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. Being built in 2002 (5 years older than comps) is factored into the value estimate. Lot size matters here: 1.52 acres versus 1.65 for the typical comp. Right now, 5 similar properties are competing for buyers in LA VENTANA, listed between $975,000 and $2,290,000. Market data shows LA VENTANA prices fallen 12.2% over the last half year. The closest comparable sale, 290 Trail Master CIR, Driftwood TX 78619 at an adjusted $1,317,908, is with a smaller floor plan and 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