5802 Chimney Rock, Canyon Lake TX 78133

Based on 7 closed sales in 78133, the data points to a value around $444,521 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $312,000 to $322,000. Relative to what's currently available in 78133, this home would be the 2nd least expensive of 4 comparable homes on the market. Being built in 2005 (6 years older than comps) is factored into the value estimate. Lot size matters here: 1.00 acres versus 0.80 for the typical comp. Current inventory shows 4 comparable homes in 78133; a buyer's market based on recent absorption. Market data shows 78133 prices fallen 12.3% over the last half year. The closest comparable sale, 1151 Flagstone DR, Fischer TX 78623 at an adjusted $423,788, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus