408 Mountain VW, Wimberley TX 78676

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,097,020. I'd recommend coming to market at $1,075,000 to $1,119,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in 78676, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. The larger floor plan (607 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1982, this home is 10 years older than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in 78676, listed between $949,000 and $1,900,000. The trend in 78676 shows prices have fallen 15.3% in the past 6 months. 760 Skyline Ridge Lookout, Wimberley TX 78676 nearby adjusts to $629,522; 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