The property at 503 Krebs Ln is well-positioned with 6 beds, 6 baths, and 3,158 sqft, targeting investors or multi-generational buyers. While the list price is $1,090,000 ($345/sqft), recent comp data shows a nearly identical unit closed at $1,056,500 ($335/sqft). The Austin condo market is experiencing higher inventory and longer days on market, creating a more value-driven, buyer-friendly environment. Price reductions and 47 days on market suggest competitive pressure and a need for strategic pricing.
To maximize sale potential, price competitively near the recent comp at $1,050,000–$1,075,000, highlighting duplex flexibility for rental income. Minor cosmetic updates and professional staging can boost appeal. Target investors and large households through digital campaigns. Expect a longer selling period—60–90 days—given the market’s elevated inventory and buyer caution. Consider incentives to reduce time-to-close if interest is low after 30 days.