Based on 7 closed sales in 78620, the data points to a value around $2,111,061 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,536,000 to $2,649,000. This pricing would rank the home as the most affordable of 2 comparable homes on the market in 78620's current inventory. At 2,522 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 15.07 acres versus 5.73 for the typical comp. 2 similar homes are currently available in 78620, creating a buyer's market for this price range. Market data shows 78620 prices fallen 6.7% over the last half year. The closest comparable sale, 3550 Bell Springs DR, Dripping Springs TX 78620 at an adjusted $6,720,953, is with a larger floor plan and a pool. The strength of this estimate comes from 7 directly comparable sales in 78620. 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
