23722 Pedernales Canyon TRL, Spicewood TX 78669

The market data from 7 similar recent sales in 78669 points to a value of approximately $584,291. To sell within a reasonable timeframe at fair market value, the $461,000 to $471,000 range is where I'd position this. Against 7 similar active listings in 78669, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 1980 construction puts this home 20 years older than the comp average, a factor in the pricing. At 8.25 acres, the lot is larger than the 1.77 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78669, listed between $450,000 and $1,149,900. In 78669, home values have fallen approximately 10.5% over the past 6 months. One of the strongest data points is 2201 Improver RD, Spicewood TX 78669, adjusting to $722,976; with a smaller floor plan. 7 comparable transactions in 78669 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group