[JavaBrewer]

For my area in SoCal it's pretty accurate as neighborhoods are pretty consistent and thus comps play a large role. I am on work travel in TX and don't see how it would work as neighborhoods (that I have seen) are very diverse. A $1.4M house next door to a $700K home and across the street from 4 homes all in the $150K range. All are ~ the same sq/ft.