2540 Village Oak, Canyon Lake TX 78133

The market data from 7 similar recent sales in 78133 points to a value of approximately $573,893. To sell within a reasonable timeframe at fair market value, the $848,000 to $978,000 range is where I'd position this. With 4 comparable homes on the market in 78133, this price positions the property as the most affordable of 4 comparable homes on the market. The larger floor plan (764 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1984 construction puts this home 18 years older than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in 78133; a buyer's market based on recent absorption. In 78133, home values have fallen approximately 7.6% over the past 6 months. One of the strongest data points is 149 Gallagher DR, Canyon Lake TX 78133, adjusting to $473,144; with a smaller floor plan. 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