Based on 7 closed sales in SPRING BRANCH, the data points to a value around $189,414 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $184,000 to $195,000. Relative to what's currently available in SPRING BRANCH, this home would be below the only comparable home currently on the market. Being 587 sqft smaller than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.00 acres versus 0.31 for the typical comp. 1 similar homes are currently available in SPRING BRANCH, creating a buyer's market for this price range. Market data shows 78640 prices fallen 4.6% over the last half year. The closest comparable sale, 112 Amherst CT, Kyle TX 78640 at an adjusted $193,750, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in SPRING BRANCH. 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