329 Explorer, Lakeway TX 78734

My analysis of 7 comparable properties puts this home's estimated value at $720,921. Based on how the local market is moving, a list price between $832,000 and $836,000 would position this home well. Buyers shopping in LAKEWAY right now would see this as a well positioned option among 7 comparable homes. Being 152 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (0.42 acres versus the area average of 0.38) contributes to the valuation. Current inventory shows 7 comparable homes in LAKEWAY; a buyer's market based on recent absorption. The 6 month price trend in LAKEWAY: fallen 13.5%. The best comp here is 121 Copperleaf RD, Lakeway TX 78734 at an adjusted value of $858,229, a strong comparable. With 7 comparable sales in LAKEWAY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group