832 Irene DR, Canyon Lake TX 78133

Based on 7 closed sales in 78133, the data points to a value around $465,474 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $393,000 to $403,000. Relative to what's currently available in 78133, this home would be the 2nd most expensive of 5 comparable homes on the market. Being built in 2002 (5 years older than comps) is factored into the value estimate. Lot size matters here: 0.60 acres versus 0.84 for the typical comp. With 5 similar homes currently listed in 78133 (a buyer's market), competition is a factor to consider. Market data shows 78133 prices fallen 3% over the last half year. The closest comparable sale, 590 Barbara DR, Canyon Lake TX 78133 at an adjusted $466,418, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in 78133. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group