1408 Circle Ridge DR, West Lake Hills TX 78746

Based on 7 closed sales in 78746, the data points to a value around $2,188,370 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $3,094,000 to $3,118,000. Relative to what's currently available in 78746, this home would be the 2nd least expensive of 7 comparable homes on the market. Being 234 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 2012 (8 years newer than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in 78746, listed between $2,400,000 and $4,200,000. Market data shows 78746 prices risen 6.4% over the last half year. The closest comparable sale, 401 Rocky River RD, West Lake Hills TX 78746 at an adjusted $2,478,691, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in 78746. 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