1806 Ponderosa DR, New Braunfels TX 78132

Based on 7 closed sales in 78132, the data points to a value around $502,472 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $495,000 to $864,000. This pricing would rank the home as the most affordable of 2 comparable homes on the market in 78132's current inventory. The 283 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1985 (12 years older than comps) is factored into the value estimate. Current inventory shows 2 comparable homes in 78132; a buyer's market based on recent absorption. Market data shows 78132 prices fallen 1.2% over the last half year. The closest comparable sale, 3293 Summit DR, New Braunfels TX 78132 at an adjusted $402,734, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78132. 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