Based on 7 closed sales in PALEFACE HOMESTEADS, the data points to a value around $1,949,399 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,717,000 to $1,727,000. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in PALEFACE HOMESTEADS's current inventory. This home's larger footprint (1,632 sqft vs the comp average) plays a role in how the market prices it. A pool adds market appeal. Only 7 minus 1 of the comps had one. Right now, 3 similar properties are competing for buyers in PALEFACE HOMESTEADS, listed between $1,899,990 and $4,185,000. Market data shows 78669 prices risen 7.5% over the last half year. The closest comparable sale, 24205 State Highway 71 W, Spicewood TX 78669 at an adjusted $3,028,499, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in PALEFACE HOMESTEADS. 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