Based on 3 closed sales in 78633, the data points to a value around $470,514 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $353,000 to $363,000. Relative to what's currently available in 78633, this home would be the 3rd most expensive of 7 comparable homes on the market. At 242 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.50 acres versus 0.56 for the typical comp. Current inventory shows 7 comparable homes in 78633; a balanced market based on recent absorption. Market data shows 78633 prices risen 3% over the last half year. The closest comparable sale, 105 Algarita CV, Georgetown TX 78633 at an adjusted $502,173, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in 78633. 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
