Based on 5 closed sales in PALEFACE PARK SEC, the data points to a value around $957,629 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,071,000 to $1,213,000. This would position the home competitively among 1 active listings in PALEFACE PARK SEC. The larger floor plan (1,000 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2010 (20 years newer than comps) is factored into the value estimate. With 1 similar homes currently listed in PALEFACE PARK SEC (a buyer's market), competition is a factor to consider. Market data shows 78669 prices risen 18.5% over the last half year. The closest comparable sale, 20608 Thurman Bend RD, Spicewood TX 78669 at an adjusted $1,071,432, is a strong comparable. The strength of this estimate comes from 5 directly comparable sales in PALEFACE PARK SEC. 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