Houston’s 10 most active luxury neighborhoods

by James McClister

Earlier this week, we drew from our REAL DATA report to show the most active luxury market in Greater Houston. Now we’re covering the neighborhoods.

In November, there were more $1 million-plus home sales in River Oaks than any other neighborhood in Houston.

With more than a dozen sales with an average closing price of $1.86 million, River Oaks was the city’s most active luxury neighborhood in Houston last month, but close behind was Greater Heights, where 7 luxury sales were closed at an average of $1.41 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
River Oaks 16 $1,869,746
Greater Heights 7 $1,416,850
Galleria-Uptown 6 $1,240,466
Rice 5 $1,864,900
West University 5 $1,416,000
Montrose 4 $1,411,709
Spring Branch 3 $1,163,045
West Houston 2 $1,195,000
Northwest 1 $1,155,000
Bellaire 1 $1,430,000

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