The market data from 7 similar recent sales in BERRY CREEK points to a value of approximately $462,872. To sell within a reasonable timeframe at fair market value, the $337,000 to $347,000 range is where I'd position this. Against 7 similar active listings in BERRY CREEK, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (241 sqft vs the comp average) plays a role in how the market prices it. The 2007 construction puts this home 7 years newer than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in BERRY CREEK, listed between $325,000 and $550,000. In BERRY CREEK, home values have fallen approximately 16.7% over the past 6 months. One of the strongest data points is 30430 Briarcrest DR, Georgetown TX 78628, adjusting to $485,580; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
