Luxury home sales in Texas from October 2017 to November 2018 increased 11.5% to 5,123, according to the 2018 Texas Luxury Home Sales Report released today by Texas Realtors.
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Luxury home prices rose 4.2 percent in the first quarter of 2017 compared to last year, to an average of $1.65 million. The Redfin analysis tracks home sales in more than 1,000 cities across the country and defines a home as luxury if it is among the top 5 percent most expensive homes sold in the city in each quarter.
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Sale prices of luxury homes in the second quarter of this year were up 7.5 percent from a year ago, the first time luxury gains have outpaced the rest of the market since 2014.
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with 123 home sales, according to the report. West Town (94 houses sold) and Near North (23 houses sold) were unchanged from 2017, according to the report. lincoln park, the perennial leader in luxury.
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TRD’s analysis of luxury sales reveals that some of the wealthiest enclaves in the city are seeing big price cuts and a decrease in high-end closings.
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