After reviewing 7 recent transactions in WOODLANDS, I estimate this property's value at $328,107. A competitive list price for this home right now would fall in the $364,000 to $451,000 range. Buyers shopping in WOODLANDS right now would see this as a well positioned option among 2 comparable homes. The 163 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (1.34 acres versus the area average of 0.71) contributes to the valuation. The active market in WOODLANDS includes 2 comparable homes priced from $450,000 to $599,000. Prices in WOODLANDS have risen 6.7% over the last 6 months. A similar home at 860 Morningwood DR, San Marcos TX 78666 carries an adjusted comparable value of $311,379, 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