Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $291,100. To generate strong buyer interest while maximizing value, I'd price this between $306,000 and $310,000. With 7 comparable homes on the market in REATA, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. Being 180 sqft smaller than the average comparable sale in this area impacts the per square foot value. Current inventory shows 7 comparable homes in REATA; a buyer's market based on recent absorption. The trend in REATA shows prices have fallen 18.9% in the past 6 months. 3412 Lonesome TRL, Georgetown TX 78628 nearby adjusts to $281,288; with a larger floor plan. 5 comparable transactions in REATA 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