Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,429,818. I'd recommend coming to market at $1,002,000 to $1,012,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in CIMARRON HILLS, this price positions the property as the most expensive of 5 comparable homes on the market. The smaller floor plan (280 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 5 comparable homes in CIMARRON HILLS; a buyer's market based on recent absorption. The trend in CIMARRON HILLS shows prices have risen 13.7% in the past 6 months. 509 Indigo LN, Georgetown TX 78628 nearby adjusts to $1,831,260; a strong comparable. Based on 3 relevant data points in CIMARRON HILLS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
