Based on 7 closed sales in FALCON POINTE, the data points to a value around $457,922 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $444,000 to $472,000. This would position the home competitively among 4 active listings in FALCON POINTE. The smaller floor plan (152 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2004 (5 years older than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in FALCON POINTE; a balanced market based on recent absorption. Market data shows FALCON POINTE prices fallen 4% over the last half year. The closest comparable sale, 17905 Crimson Apple WAY, Pflugerville TX 78660 at an adjusted $450,054, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in FALCON POINTE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group