242 Delanoy DR, Canyon Lake TX 78133

The market data from 7 similar recent sales in 78133 points to a value of approximately $445,023. To sell within a reasonable timeframe at fair market value, the $301,000 to $311,000 range is where I'd position this. In the current 78133 market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 2006 construction puts this home 7 years older than the comp average, a factor in the pricing. At 0.50 acres, the lot is smaller than the 0.83 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78133 (a buyer's market), competition is a factor to consider. In 78133, home values have fallen approximately 12.3% over the past 6 months. One of the strongest data points is 1151 Flagstone DR, Fischer TX 78623, adjusting to $428,207; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group