Based on 3 closed sales in WINDERMERE OAKS, the data points to a value around $506,929 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $676,000 to $849,000. Buyers shopping in WINDERMERE OAKS right now would see this as a well positioned option among 7 comparable homes. The larger floor plan (444 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2004 (14 years older than comps) is factored into the value estimate. The active market in WINDERMERE OAKS includes 7 comparable homes priced from $441,250 to $1,276,000. Market data shows WINDERMERE OAKS prices fallen 17.6% over the last half year. The closest comparable sale, 103 Kendall DR, Spicewood TX 78669 at an adjusted $479,400, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in WINDERMERE OAKS. 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