5 Elmwood CIR, Wimberley TX 78676

The estimated value of this property is $387,114, based on 5 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $413,000 and $422,000. With 4 comparable homes on the market in WOODCREEK, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. Being 148 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.50 acre lot (larger than the 0.40 acre average) is reflected in the estimate. Right now, 4 similar properties are competing for buyers in WOODCREEK, listed between $347,500 and $439,000. Recent trends in WOODCREEK show home values have fallen 4.1% since 6 months ago. The most comparable recent sale is 190 Shady Bluff DR, Wimberley TX 78676, with an adjusted value of $422,485; a strong comparable. With 5 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