Based on 7 closed sales in FRANKLIN SQUARE, the data points to a value around $263,956 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $162,000 to $172,000. Buyers shopping in FRANKLIN SQUARE right now would see this as a well positioned option among 7 comparable homes. Lot size matters here: 0.06 acres versus 0.23 for the typical comp. 7 similar homes are currently available in FRANKLIN SQUARE, creating a buyer's market for this price range. Market data shows 78666 prices fallen 12.2% over the last half year. The closest comparable sale, 205 Hughson DR, San Marcos TX 78666 at an adjusted $193,451, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in FRANKLIN SQUARE. 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