Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $493,921. I'd recommend coming to market at $549,000 to $551,000 to strike the right balance between value and market velocity. In the current POINT VENTURE1 market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. Current inventory shows 3 comparable homes in POINT VENTURE1; a buyer's market based on recent absorption. The trend in 78645 shows prices have fallen 5.6% in the past 6 months. 18700 Venture DR, Point Venture TX 78645 nearby adjusts to $550,817; with a larger floor plan. With 4 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
