505 Preakness PL, Georgetown TX 78626

The market data from 7 similar recent sales in 78626 points to a value of approximately $311,409. To sell within a reasonable timeframe at fair market value, the $336,000 to $349,000 range is where I'd position this. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in 78626. At 0.00 acres, the lot is smaller than the 0.25 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in 78626; a buyer's market based on recent absorption. In 78626, home values have fallen approximately 3.9% over the past 6 months. One of the strongest data points is 107 Retama CT, Georgetown TX 78626, adjusting to $317,240; with a smaller floor plan. 7 comparable transactions in 78626 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