532 S Sycamore Ave, New Braunfels TX 78130

Based on 7 closed sales in CITY, the data points to a value around $299,241 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $178,000 to $188,000. This home's position in the current CITY market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. The smaller floor plan (101 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1928 (40 years older than comps) is factored into the value estimate. 5 similar homes are currently available in CITY, creating a buyer's market for this price range. Market data shows 78130 prices risen 5.8% over the last half year. The closest comparable sale, 164 Ferguson ST, New Braunfels TX 78130 at an adjusted $315,742, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in CITY. 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