22924 Pedernales Canyon TRL, Spicewood TX 78669

After reviewing 7 recent transactions in 78669, I estimate this property's value at $721,823. A competitive list price for this home right now would fall in the $605,000 to $615,000 range. This pricing would rank the home as the most expensive of 7 comparable homes on the market in 78669's current inventory. At 8 years older than typical comps, the 1998 build date influences the valuation. The larger lot (5.21 acres versus the area average of 2.27) contributes to the valuation. Current inventory shows 7 comparable homes in 78669; a buyer's market based on recent absorption. Prices in 78669 have fallen 13.8% over the last 6 months. A similar home at 3633 Outback TRL, Spicewood TX 78669 carries an adjusted comparable value of $579,101, providing a strong data point. With 7 comparable sales in 78669, 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