The market data from 7 similar recent sales in POST OAK points to a value of approximately $243,140. To sell within a reasonable timeframe at fair market value, the $265,000 to $268,000 range is where I'd position this. Among the similar homes currently available in POST OAK, this price point stands out as competitive. The 2006 construction puts this home 5 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in POST OAK (a buyer's market), competition is a factor to consider. In POST OAK, home values have risen approximately 1% over the past 6 months. One of the strongest data points is 131 Ames CV, Kyle TX 78640, adjusting to $241,560; a strong comparable. 7 comparable transactions in POST OAK 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