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2016-01-25 10:22:50
Texas Luxury Home Sales Report

This is one of the fastest growing housing segments in Texas

 

'Texas's economic prosperity continues to make luxury home sales one of the strongest sectors of the Texas housing market, particularly in the $1 million to $1.5 million range,' says Leslie Rouda Smith, chairman of the Texas Association of REALTORS®. Her statement comes as part of the 2016 Texas Luxury Home Sales Report released today by the Texas Association of REALTORS®.

The report cites sales volume increases from 4.5% to 36.4% for homes sold at $1 million or more in the four major Texas markets. The price-per-square-foot for luxury homes is often double or triple that of a typical single-family home, due to higher-end building materials and amenities. Furthermore, some homebuyers are purchasing older homes in prime locations for less than $1 million to demolish and rebuild a new home in its place.

Download full report here

 
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