969 Drifting Wind, Dripping Springs TX 78620

The market data from 7 similar recent sales in PRESERVE PH TWO points to a value of approximately $1,484,753. To sell within a reasonable timeframe at fair market value, the $1,289,000 to $1,299,000 range is where I'd position this. Against 5 similar active listings in PRESERVE PH TWO, this price point lands at the 3rd most expensive of 5 comparable homes on the market. At 587 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a differentiator here, since 2 of 7 comparable sales didn't include one. Current inventory shows 5 comparable homes in PRESERVE PH TWO; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 816 Drifting Wind RUN, Dripping Springs TX 78620, adjusting to $1,442,099; with a smaller floor plan. 7 comparable transactions in PRESERVE PH TWO 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