Based on 3 closed sales in MOUNTAIN CREEK LAKES, the data points to a value around $474,686 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $487,000 to $503,000. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in MOUNTAIN CREEK LAKES's current inventory. Being 138 sqft smaller than the average comparable sale in this area impacts the per square foot value. Right now, 4 similar properties are competing for buyers in MOUNTAIN CREEK LAKES, listed between $455,000 and $499,000. Market data shows 78620 prices fallen 6.3% over the last half year. The closest comparable sale, 10605 Creekwood CIR, Dripping Springs TX 78620 at an adjusted $470,875, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in MOUNTAIN CREEK LAKES. 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
