219 River View DR, Johnson City TX 78636

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $593,424. I'd recommend coming to market at $719,000 to $759,000 to strike the right balance between value and market velocity. Against 2 similar active listings in PEDERNALES, this price point lands at the most affordable of 2 comparable homes on the market. At 220 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2000, this home is 13 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 2 comparable homes in PEDERNALES; a buyer's market based on recent absorption. The trend in 78636 shows prices have fallen 23.3% in the past 6 months. 600 W Cypress ST, Johnson City TX 78636 nearby adjusts to $320,415; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group