162 Brykerwoods, Spring Branch TX 78070

The market data from 5 similar recent sales in 78070 points to a value of approximately $1,018,095. To sell within a reasonable timeframe at fair market value, the $1,001,000 to $1,005,000 range is where I'd position this. With 1 comparable homes on the market in 78070, this price positions the property as below the only comparable home currently on the market. The 2006 construction puts this home 11 years older than the comp average, a factor in the pricing. At 1.02 acres, the lot is smaller than the 5.99 acre comp average, which factors into pricing. 1 similar homes are currently available in 78070, creating a buyer's market for this price range. In 78070, home values have fallen approximately 19.7% over the past 6 months. One of the strongest data points is 1014 Broken Spoke, Canyon Lake TX 78133, adjusting to $705,282; with a larger floor plan. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group