The most active luxury neighborhoods in Houston, Dec. 2016

by James McClister


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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