The comparable sales data (4 recent transactions in SONOMA) supports an estimated value of $344,270. The data suggests a list price between $360,000 and $363,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in SONOMA, this home would be the 2nd least expensive of 5 comparable homes on the market. At 160 sqft smaller than the typical comp, the size difference factors into the valuation. The active market in SONOMA includes 5 comparable homes priced from $339,000 to $389,900. Prices in SONOMA have fallen 8.4% over the last 6 months. A similar home at 612 Arrowood PL, Round Rock TX 78665 carries an adjusted comparable value of $343,957, providing a strong data point. This estimate draws on 4 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus