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This is one of the fastest growing housing segments in Texas

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The Texas flag waving in the wind.

01/25/2016 | Author: Editorial Staff

"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 the full report to see all the luxury-home statistics for Austin, Dallas-Fort Worth, Houston, and San Antonio.

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

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on Any legal or other information found here, on, or at other sites to which we link, should be verified before it is relied upon.

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