23101 Pedernales Canyon TRL, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $785,516. I'd recommend coming to market at $476,000 to $486,000 to strike the right balance between value and market velocity. Among the similar homes currently available in PEDERNALES CANYON RANCH, this price point stands out as competitive. The larger floor plan (248 sqft compared to the average comp) is a meaningful differentiator in this price range. The 9.50 acre lot (larger than the 0.82 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in PEDERNALES CANYON RANCH; a buyer's market based on recent absorption. The trend in 78669 shows prices have fallen 13.3% in the past 6 months. 5133 Texas Bluebell DR, Spicewood TX 78669 nearby adjusts to $529,597; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group