In November, there were once again 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.
With more than 50 sales with an average closing price of $1.57 million, Houston was the area’s most active luxury market. Following way behind in the No. 2 spot was The Woodlands, where only 6 luxury sales closed at an average of $1.6 million.
Greater Houston’s luxury market has struggled in 2016, with prices and sales slipping. But as our table below illustrates, some markets are holding onto their luxury appeal:
| City | $1M+ Sales | Avg. Sale Price |
|---|---|---|
| Houston | 57 | $1,574,906 |
| The Woodlands | 6 | $1,600,833 |
| West University Place | 5 | $1,387,100 |
| Southside Place | 4 | $1,655,556 |
| Hunters Creek | 3 | $1,913,250 |
| Bellaire | 3 | $1,390,000 |
| Galveston | 2 | $1,041,000 |
| Cypress | 2 | $1,65,6250 |
| Hilshire | 2 | $1,148,000 |
| Katy | 2 | $1,210,000 |