“I was told my Tierrasanta home is worth $475,000, but the UT says the median in Tierrasanta is $520,000. My home is 1700 square feet, well maintained, but needs to be updated. Is the agent underpricing my home?”
Answer:
Great question.
Even accurate statistics can be misleading. The stats you quoted were for only ten homes sold in March. This is too small a sample to draw a conclusion.
In addition, your home is much smaller than the homes referenced and, as you mentioned, it needs updating.
So, while you haven’t told me enough to know what your home is worth, I can say that you shouldn’t depend on those stats.
