10815 Oakwood CIR, 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 $467,480. I'd recommend coming to market at $491,000 to $494,000 to strike the right balance between value and market velocity. Against 7 similar active listings in HIGHLAND CREEK LAKES, this price point lands at the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (141 sqft vs the comp average) plays a role in how the market prices it. The 0.17 acre lot (smaller than the 0.21 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in HIGHLAND CREEK LAKES; a buyer's market based on recent absorption. The trend in HIGHLAND CREEK LAKES shows prices have fallen 51.5% in the past 6 months. 10007 N LONGHORN SKWY, Dripping Springs TX 78620 nearby adjusts to $443,967; a strong comparable. Based on 3 relevant data points in HIGHLAND CREEK LAKES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX