111 North Canyonwood, Dripping Springs TX 78620

Based on 7 closed sales in 78620, the data points to a value around $804,446 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $474,000 to $484,000. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in 78620's current inventory. Being built in 2008 (7 years older than comps) is factored into the value estimate. Lot size matters here: 1.01 acres versus 0.76 for the typical comp. There are currently 7 similar homes on the market in 78620, ranging from $477,000 to $900,000. Market data shows 78620 prices fallen 4.1% over the last half year. The closest comparable sale, 203 N Canyonwood DR, Dripping Springs TX 78620 at an adjusted $1,494,886, is with a smaller floor plan. 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