In October, there were more $1 million-plus home sales in Houston proper than any other market in the greater metropolitan area, according to our latest REAL DATA report.
More than 50 sales with an average closing price of $1.67 million made Houston the area’s most active luxury market last month. Following behind was West University Place, where 13 luxury sales closed at an average of $1.63 million.
Greater Houston’s luxury market has struggled in 2016, with prices and sales slipping. But as our table below illustrates, some markets are retaining their luxury appeal:
| City | $1M+ Sales | Avg. Sale Price |
|---|---|---|
| Houston | $1,672,539 | 51 |
| West University Place | $1,639,394 | 13 |
| Bellaire | $1,428,208 | 6 |
| Bunker Hill | $1,972,500 | 4 |
| Sugar Land | $1,446,000 | 4 |
| Galveston | $1,353,666 | 3 |
| Piney Point | $2,356,666 | 3 |
| Spring | $1,143,000 | 3 |
| The Woodlands | $1,912,500 | 2 |
| Hunters Creek | $2,432,500 | 2 |