31864 Retama, Bulverde TX 78163

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $638,659. I'd recommend coming to market at $619,000 to $658,000 to strike the right balance between value and market velocity. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78163. Being 1,012 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2004, this home is 10 years older than the average comp, which is reflected in the adjustments. Current inventory shows 1 comparable homes in 78163; a buyer's market based on recent absorption. The trend in 78163 shows prices have risen 57.8% in the past 6 months. 34970 Smithson Valley RD, Bulverde TX 78163 nearby adjusts to $839,240; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group