408 Summit CIR, Fredericksburg TX 78624

Based on 7 closed sales in 78624, the data points to a value around $446,265 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $337,000 to $347,000. Relative to what's currently available in 78624, this home would be the 2nd least expensive of 5 comparable homes on the market. This home's larger footprint (179 sqft vs the comp average) plays a role in how the market prices it. Being built in 1982 (18 years older than comps) is factored into the value estimate. Current inventory shows 5 comparable homes in 78624; a buyer's market based on recent absorption. Market data shows 78624 prices fallen 20.9% over the last half year. The closest comparable sale, 711 Chinkapin DR, Fredericksburg TX 78624 at an adjusted $477,321, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in 78624. 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