11391 Bonham Ranch RD, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,228,946. To generate strong buyer interest while maximizing value, I'd price this between $931,000 and $941,000. Against 7 similar active listings in 78620, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (343 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. 7 similar homes are currently available in 78620, creating a buyer's market for this price range. The trend in 78620 shows prices have fallen 6.3% in the past 6 months. 12310 Triple Creek DR, Dripping Springs TX 78620 nearby adjusts to $1,573,485; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group