Based on 7 closed sales in SOUTHLAKE RANCH PH TWO, the data points to a value around $284,245 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $303,000 to $314,000. Relative to what's currently available in SOUTHLAKE RANCH PH TWO, this home would be the 3rd least expensive of 6 comparable homes on the market. Being built in 2008 (5 years newer than comps) is factored into the value estimate. 6 similar homes are currently available in SOUTHLAKE RANCH PH TWO, creating a buyer's market for this price range. Market data shows 78640 prices fallen 1% over the last half year. The closest comparable sale, 165 Opal Lake DR, Kyle TX 78640 at an adjusted $276,280, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus