24700 Ranch Road 12, Dripping Springs TX 78620

Based on 7 closed sales in 78620, the data points to a value around $1,511,294 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,466,000 to $1,557,000. Buyers shopping in 78620 right now would see this as a well positioned option among 1 comparable homes. The 1,411 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2001 (6 years older than comps) is factored into the value estimate. The active market in 78620 includes 1 comparable homes priced from $1,349,999 to $1,349,999. Market data shows 78620 prices fallen 6.6% over the last half year. The closest comparable sale, 167 Vincas Shadow CT, Driftwood TX 78619 at an adjusted $1,444,250, 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