2 factors drive demand for million-dollar homes in Texas

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An older male and female couple standing in front of two-story brick home

01/05/2015 | Author: Editorial Staff

Million-dollar properties are in demand in Texas. In fact, the 2015 Texas Luxury Home Sales Report, released today by the Texas Association of REALTORS®, shows sales volume increases for homes sold at $1 million or more in all four of the state’s largest markets.

Scott Kesner, chairman of the Texas Association of REALTORS®, says job growth and population growth in Texas are helping drive the state’s luxury market. “We’re seeing more demand for luxury properties from Texans whose incomes are increasing, enabling them to move up, and from those moving to our state from elsewhere in the country.”

Download the full report to see how the luxury-home sales performed in Houston, Austin, San Antonio, and Dallas-Fort Worth. 

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


Comments

Cindi Bulla on 01/05/2015

I think an additional factor adding to the number of luxury home sales,  even in intermediate markets like my own in Amarillo, is the stability and likely return on investment for those high net worth buyers.  Even the most sophisticated of investors often still site real estate as the best avenue for long term, stable growth.  The expanded value and protection of making that investment in your own personal residence, especially in Texas, is hard to deny.


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