Based on 3 closed sales in 78620, the data points to a value around $1,251,156 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $970,000 to $980,000. Relative to what's currently available in 78620, this home would be the 2nd most expensive of 5 comparable homes on the market. At 454 sqft larger than the typical comp, the size difference factors into the valuation. A pool adds market appeal. Only 3 minus 1 of the comps had one. Right now, 5 similar properties are competing for buyers in 78620, listed between $899,900 and $1,425,000. Market data shows 78620 prices fallen 6.2% over the last half year. The closest comparable sale, 12310 Triple Creek DR, Dripping Springs TX 78620 at an adjusted $1,508,930, is with a smaller floor plan. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
