2318 Triple Peak DR, Canyon Lake TX 78133

The market data from 7 similar recent sales in 78133 points to a value of approximately $697,029. To sell within a reasonable timeframe at fair market value, the $467,000 to $477,000 range is where I'd position this. With 4 comparable homes on the market in 78133, this price positions the property as the most expensive of 4 comparable homes on the market. Being 169 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1979 construction puts this home 17 years older than the comp average, a factor in the pricing. 4 similar homes are currently available in 78133, creating a buyer's market for this price range. In 78133, home values have fallen approximately 12.3% over the past 6 months. One of the strongest data points is 382 Kings Crown, Canyon Lake TX 78133, adjusting to $658,487; with a larger floor plan. 7 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