1012 Quail Ridge DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $761,264. To generate strong buyer interest while maximizing value, I'd price this between $650,000 and $660,000. With 7 comparable homes on the market in MEADOW CREEK RANCH, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Being 245 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2012 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in MEADOW CREEK RANCH; a buyer's market based on recent absorption. The trend in 78620 shows prices have fallen 6.3% in the past 6 months. 212 Elderberry RD, Austin TX 78737 nearby adjusts to $609,495; with a smaller floor plan. 7 comparable transactions in MEADOW CREEK RANCH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group