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|