Based on 7 closed sales in 78620, the data points to a value around $1,085,098 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $736,000 to $746,000. This home's position in the current 78620 market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. The 132 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 3.16 acres versus 6.01 for the typical comp. The active market in 78620 includes 4 comparable homes priced from $770,000 to $7,000,000. Market data shows 78620 prices fallen 6.1% over the last half year. The closest comparable sale, 160 Mystic Creek DR, Dripping Springs TX 78620 at an adjusted $1,378,392, is with a smaller floor plan and a pool. 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
