This Week in Houston Real Estate: Million dollar homes, Texas rankings and more

by Lauren Clohessy

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For the first time since 2012, Texas ranked No.1 on CNBC’s 2018 Top States for Business in America. Previous to the 2018 list, Texas was No. 1 three times since the list began in 2006, making Texas the first state to be No. 1 four times. Due to an increase in energy, Texas added over 350,000 jobs to in the last year. “The state’s energy sector continues to boom, and areas of the state tied to oil and gas are growing at their strongest pace since 2014,” said Dallas Federal Reserve economists Christopher Slijk and Jason Saving.

In other real estate news:

  • The first model for Land Tejas’ newest community is almost complete. According to a Reality News Report, builders have been working on the community in Vanbrooke, near Fulshear. This is the 17 community project for Land Tejas, who is working with Angelia Homes, Long Lake Ltd. and Westin Homes for the Vanbrooke homes. Houses are expected to be priced around $300,000.
  • Houston ranked No. 14 in America for highest share of million-dollar-homes. Houston Business Journal reported that a recent LendingTree report ranked 50 metro across the U.S. With the No.14 ranking, the Houston metro area had 1.52 percent of homes valued at $1 million or more. Houston ranked higher than other Texas cities, like San Antonio and Dallas, but sat lower on the list then Austin, which ranked No. 11.
  • John Daugherty, Realtors announced the sale of an $8.5 million Houston estate. According to a press release, Clayton Kaz represented the sale of the estate on Kirby Drive. The estate, by Thomas O’Neill Homes by Woodstone, featured six bedrooms, catering and traditional kitchens, a pool and spa, an underground garage and various other amenities.
  • Trendmaker Homes opened two new model homes at the Bridgeland master-planned community. The Villa patio homes will be built on 50′ lots and offer seven open floor plan options. The single-family homes will be more traditional one- and two-story homes on 80′ lots. “We are thrilled to be offering our homes in such a popular, well-respected master-planned community with a developer that has a reputation for creating thoughtful places to live,” said Joe Mandola, president at Trendmaker Homes. 

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