In October, there were more $1 million-plus home sales in Galleria-Uptown than any other neighborhood in Houston, according to our latest REAL DATA report.
A dozen sales with an average closing price of $2.18 million made Galleria-Uptown the city’s most active luxury markets last month, but close behind was Greater Heights, where 10 luxury sales were closed at an average of $1.28 million.
Houston’s luxury market has struggled in 2016, with prices and sales slipping. But as our below table illustrates, some markets are retaining, at least in part, their luxury appeal.
| Neighborhood | $1M+ Sales | Average Sale Price |
|---|---|---|
| Galleria-uptown | 12 | $2,180,638.83 |
| Greater Heights | 10 | $1,289,800 |
| Unspecified | 9 | $2,151,853.22 |
| West University | 6 | $1,175,833.00 |
| West Houston | 4 | $1,414,367 |
| River Oaks | 4 | $1,516,625 |
| Rice Military | 3 | $1,358,022 |
| Montrose | 2 | $1,492,065 |
| Spring Branch | 1 | $1,030,000 |