114 Red Oak, Canyon Lake TX 78133

Reviewing the most recent comparable transactions, this home's market value falls around $249,848. For a well positioned listing in 78133, I'd target the $311,000 to $340,000 range. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in 78133. The 125 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.61 acres, the lot is larger than the 0.51 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78133; a buyer's market based on recent absorption. Recent trends in 78133 show home values have fallen 7.6% since 6 months ago. The most comparable recent sale is 823 Trail Crest DR, Canyon Lake TX 78133, with an adjusted value of $138,210; a strong comparable. 4 comparable transactions in 78133 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group