Based on 6 closed sales in SUNSET CANYON, the data points to a value around $1,044,525 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,131,000 to $1,200,000. Buyers shopping in SUNSET CANYON right now would see this as a well positioned option among 7 comparable homes. This home's larger footprint (605 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 1.60 acres versus 1.74 for the typical comp. Current inventory shows 7 comparable homes in SUNSET CANYON; a balanced market based on recent absorption. Market data shows SUNSET CANYON prices fallen 9.1% over the last half year. The closest comparable sale, 713 OAKWOOD LN, Dripping Springs TX 78620 at an adjusted $1,262,099, is with a pool. This estimate draws on 6 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