The most active luxury neighborhoods in Houston, Dec. 2016

by James McClister

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Luxury sales were up overall in Houston in January, as the Houston Association of Realtors reported, but sales over $1 million were down.

In December, three Houston neighborhoods had double-digit sales of homes over $1 million. That was not the case last month, as our below table illustrates. Galleria-Uptown was the most active luxury market, with a total of seven sales, but that's down by almost 50 percent from the month prior.

The decline is likely a reflection of both the season, which tends to see a slope in sales, and the sales increases in lower but still higher-end price points.

Neighborhood $1M+ Sales Average Sale Price
Galleria-Uptown $1,954,571 7
River Oaks $1,760,500 6
Rice $2,736,875 4
Spring Branch $1,220,833 3
Montrose $1,358,160 2
Westchase $1,527,455 2
West University $1,204,750 2
West Houston $2,280,000 1
Greater Heights $1,358,000 1
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