The Indian Hills neighborhood has finally had its first closed sale of the year. The house on Comanche had previously sold for $635K in April of 2005. As a short sale, this time, it sold for $475,000. It’s hard to say if the full value was realized, but the bank did approve it, so it’s now a “comp” that appraisers will use on future home valuations.
There are currently 5 other homes on the market in Indian Hills and there are none in escrow today.