127 Derrick DR, Spring Branch TX 78070

Based on 7 closed sales in 78070, the data points to a value around $312,278 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $331,000 to $344,000. This pricing would rank the home as the most affordable of 2 comparable homes on the market in 78070's current inventory. Being built in 2008 (7 years older than comps) is factored into the value estimate. Right now, 2 similar properties are competing for buyers in 78070, listed between $309,990 and $325,000. Market data shows 78070 prices fallen 15.4% over the last half year. The closest comparable sale, 156 Remington RD, Spring Branch TX 78070 at an adjusted $268,729, 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