After reviewing 7 recent transactions in WOODLANDS, I estimate this property's value at $391,976. A competitive list price for this home right now would fall in the $244,000 to $254,000 range. Buyers shopping in WOODLANDS right now would see this as a well positioned option among 3 comparable homes. The 277 sqft size difference versus comparable sales is reflected in the adjusted values. At 6 years newer than typical comps, the 2006 build date influences the valuation. The active market in WOODLANDS includes 3 comparable homes priced from $240,000 to $440,000. Prices in WOODLANDS have fallen 17.5% over the last 6 months. A similar home at 860 Morningwood DR, San Marcos TX 78666 carries an adjusted comparable value of $310,994, providing a strong data point. With 7 comparable sales in WOODLANDS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group