Based on 7 closed sales in LEWIS C GIBBS SURV, the data points to a value around $298,963 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $374,000 to $416,000. Relative to what's currently available in LEWIS C GIBBS SURV, this home would be the most affordable of 5 comparable homes on the market. This home's smaller footprint (233 sqft vs the comp average) plays a role in how the market prices it. A pool adds market appeal. Only 7 minus 5 of the comps had one. 5 similar homes are currently available in LEWIS C GIBBS SURV, creating a buyer's market for this price range. Market data shows 78676 prices risen 25.5% over the last half year. The closest comparable sale, 225 Cedar Springs DR, Wimberley TX 78676 at an adjusted $300,416, is with a larger floor plan and no pool. The strength of this estimate comes from 7 directly comparable sales in LEWIS C GIBBS SURV. 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