Mueller Development Area (RMMA – The Old Airport) Market Data Report March 2010

The Mueller Development at the old Robert Mueller Municipal Airport (aka “Mueller”) is a stunning example of urban fill – taking an old, weedy lot (a GIGANTIC one) and turning it into something else – housing, amenities, and proximity to a large variety of the best that Austin has to offer. This area falls under the category of “New Urbanism”, which is an approach to land planning that reduces traffic and eliminates sprawl.

To read a full article with extensive photographs of this area, please check out Alison Shuman’s article on The Mueller Development: Big and Green in Austin on FindRealAustin.com.

Market Stats for The Mueller Development Area for the previous 12 months:

As of March 8th, 2010 there are a total of 19 Active listings ranging in size from 1,562 – 3,754 Sq.ft., and ranging in list price from $304,473 to $899,900, and 8 pending sales ranging in size from 1,602 – 3,600 Sq.ft., and ranging in price from $314,997 to $975,000.

For the 12 month period of 03/08/2009 to 03/08/2010 there were a total of 60 closed sales in the Mueller development ranging in price from $139,990 to $900,000 with a median price point for the period of $324,523. The median home being 1,967 Sq.ft., 3 bedrooms 2 baths, median days on the market 94 days, and a median sales price to list price ratio of 97.5% (Sale price as compared to the list price).

Mueller Development Market Data Charts:

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All data provided herein was obtained from MLS, it is deemed to be reliable, and accurate; however, it is not guaranteed by the author. This article is only intended to serve as general market information for the above mentioned community, and only for the above mentioned periods as the market is always changing. If you are a lender, a real estate professional, or a home owner and would like an accurate appraisal of a specific home, feel free to contact us.


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