Based on what similar homes have actually sold for within a mile, I'd place this property's value at $368,092. I'd recommend coming to market at $401,000 to $405,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in WOODCREEK. Current inventory shows 4 comparable homes in WOODCREEK; a buyer's market based on recent absorption. The trend in WOODCREEK shows prices have fallen 4.1% in the past 6 months. 6 Saddle Rock RDG, Wimberley TX 78676 nearby adjusts to $339,580; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group