The market data from 7 similar recent sales in BERRY CREEK points to a value of approximately $867,871. To sell within a reasonable timeframe at fair market value, the $973,000 to $1,002,000 range is where I'd position this. Among the similar homes currently available in BERRY CREEK, this price point stands out as competitive. At 867 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a differentiator here, since 6 of 7 comparable sales didn't include one. Current inventory shows 7 comparable homes in BERRY CREEK; a balanced market based on recent absorption. In BERRY CREEK, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 513 Champions DR, Georgetown TX 78628, adjusting to $784,497; with a smaller floor plan and no pool. 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