127 Derrick DR, Spring Branch TX 78070

Based on 7 closed sales in 78070, the data points to a value around $323,281 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $349,000 to $363,000. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in 78070's current inventory. Being 127 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 2008 (10 years older than comps) is factored into the value estimate. Right now, 5 similar properties are competing for buyers in 78070, listed between $270,000 and $530,000. Market data shows 78070 prices fallen 19.7% over the last half year. The closest comparable sale, 718 Chip Shot CIR, Spring Branch TX 78070 at an adjusted $320,353, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78070. 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