1499 Redwood RD, Fischer TX 78623

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $388,765. Pricing this home between $439,000 and $487,000 would put it in the competitive sweet spot for 78623. This home's position in the current 78623 market: the most affordable of 5 comparable homes on the market among comparable properties. The smaller lot (0.50 acres versus the area average of 0.60) contributes to the valuation. Current inventory shows 5 comparable homes in 78623; a buyer's market based on recent absorption. Market data shows 78623 prices fallen 16.9% over the last half year. The closest comparable sale, 1411 Rocky Ridge LOOP, Canyon Lake TX 78133 at an adjusted $393,318, is a strong comparable. With 7 comparable sales in 78623, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group