7 recent sales in the surrounding area of this address suggest a current value of $767,092. My recommended list price range for this property would be $752,000 to $782,000. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in PARADISE VALLEY. The larger floor plan (247 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.52 acre lot (smaller than the 8.80 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in PARADISE VALLEY; a buyer's market based on recent absorption. In 78676, home values have fallen approximately 12.7% over the past 6 months. One of the strongest data points is 302 Valley DR, Wimberley TX 78676, adjusting to $581,010; with a smaller floor plan. With 7 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