Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $312,851. I'd recommend coming to market at $340,000 to $345,000 to strike the right balance between value and market velocity. Against 6 similar active listings in HOMETOWN KYLE, this price point lands at the 2nd least expensive of 6 comparable homes on the market. This home's smaller footprint (146 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 6 comparable homes in HOMETOWN KYLE; a buyer's market based on recent absorption. The trend in HOMETOWN KYLE shows prices have fallen 0.4% in the past 6 months. 520 Bottle Brush DR, Kyle TX 78640 nearby adjusts to $319,898; 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