Based on what similar homes have actually sold for within a mile, I'd place this property's value at $521,906. I'd recommend coming to market at $536,000 to $539,000 to strike the right balance between value and market velocity. With 6 comparable homes on the market in FAIRWAYS BLACKHAWK, this price positions the property as the 2nd most expensive of 6 comparable homes on the market. The larger floor plan (224 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 6 comparable homes in FAIRWAYS BLACKHAWK; a buyer's market based on recent absorption. The trend in 78660 shows prices have fallen 3.7% in the past 6 months. 2732 Amen Corner RD, Pflugerville TX 78660 nearby adjusts to $582,341; with a smaller floor plan and a pool. Based on 7 relevant data points in FAIRWAYS BLACKHAWK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
