449 Mcdonald LN, Cedar Creek TX 78612

The market data from 7 similar recent sales in 78612 points to a value of approximately $318,995. To sell within a reasonable timeframe at fair market value, the $343,000 to $348,000 range is where I'd position this. With 5 comparable homes on the market in 78612, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. This home's smaller footprint (339 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 5 comparable homes in 78612; a buyer's market based on recent absorption. In 78612, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 182 Lake Front DR, Cedar Creek TX 78612, adjusting to $383,858; a strong comparable. 7 comparable transactions in 78612 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