The market data from 7 similar recent sales in SUNSET CANYON points to a value of approximately $973,759. To sell within a reasonable timeframe at fair market value, the $954,000 to $993,000 range is where I'd position this. With 7 comparable homes on the market in SUNSET CANYON, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. Being 329 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2006 construction puts this home 9 years newer than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in SUNSET CANYON, ranging from $674,999 to $2,499,000. In SUNSET CANYON, home values have fallen approximately 7.1% over the past 6 months. One of the strongest data points is 900 Canyonwood DR, Dripping Springs TX 78620, adjusting to $911,943; with a larger floor plan and a pool. 7 comparable transactions in SUNSET CANYON support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
