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What increasing luxury home sales means for the average homeowner

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Man and woman looking at a two-story white home with a for sale sign in front of it

01/06/2014 | Author: Editorial Staff

The Texas housing market continues to show its strength, especially in the luxury home market. In fact, luxury home sales are experiencing double-digit growth, making them one of the fastest-growing segments in the state, according to the 2014 Texas Luxury Home Sales Report.

The report, released today by the Texas Association of REALTORS®, explains that Austin, Dallas-Fort Worth, Houston, and San Antonio saw an average 35% increase in the sale of homes priced at $1 million and higher from January to October 2013.

Dan Hatfield, chairman of the Texas Association of REALTORS®, explained what this increase means for Texas. “The housing slump is behind us, and as Texas’s economy and population continue to accelerate, we’re going to see increasing development and demand in larger higher-priced homes with luxury amenities,” Hatfield said.

Download the full report to see how luxury home sales have increased in these four Texas markets.

Categories: Buyers
Tags: buyers, statistics, research, luxury homes, texas luxury home sales report