197 Paloma DR, Canyon Lake TX 78133

My analysis of 4 comparable properties puts this home's estimated value at $623,090. Based on how the local market is moving, a list price between $604,000 and $642,000 would position this home well. This home's position in the current 78133 market: below the only comparable home currently on the market among comparable properties. The smaller floor plan (1,221 sqft compared to the average comp) is a meaningful differentiator in this price range. At 81 years older than typical comps, the 1920 build date influences the valuation. Current inventory shows 1 comparable homes in 78133; a buyer's market based on recent absorption. The 6 month price trend in 78133: fallen 8.4%. The best comp here is 211 Cambridge DR, New Braunfels TX 78132 at an adjusted value of $427,500, with a larger floor plan. With 4 comparable sales in 78133, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group