1007 N Canyonwood DR, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,053,804. I'd recommend coming to market at $710,000 to $720,000 to strike the right balance between value and market velocity. Against 7 similar active listings in SUNSET CANYON, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (355 sqft vs the comp average) plays a role in how the market prices it. The 1.52 acre lot (smaller than the 1.61 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in SUNSET CANYON; a balanced market based on recent absorption. The trend in SUNSET CANYON shows prices have fallen 5.2% in the past 6 months. 1010 Sunset Canyon DR S, Dripping Springs TX 78620 nearby adjusts to $1,040,355; with a smaller floor plan and a pool. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group