Tomorrow, 4108 Threadgill is hitting the market. Mueller's real estate scene is blowing up with homes hitting the resale market left and right. That's three in the last three days.Compare this to the average of two homes per month in 2010 and you'll see what I mean. The neighborhood is less than a third built out, and has reached some stability with residents being here more than a few years.
In many parts of the country it isn't possible to sell a new home in a new development in which the builder is still active and still make a profit two years after moving in. Here it is. There's somewhat of a pricing bubble in my opinion - prices can't sustainably rise 10% per year forever - there will be a correction some time. The only counter argument I see to that is that there are in fact new amenities coming to the neighborhood- grocery, town center, commercial and medical real estate and hence jobs.
So how long will the boom last? Until the market gets flooded with over priced inventory. Each appraisal builds on the last and also the recent trend. Having seen an appraisal lately that showed that the roof of the lower part of the market is moving up, it seems that the rollercoaster is still on it's upward journey.
The three bedroom 2.5 bath home on Threadgill is a popular Antone layout, on a nice sized corner lot. It has great updates - I'm sure it will do well.
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