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The most expensive new listing in the Lone Star State carries a price tag of nearly $50 million.
Agents from COMPASS were responsible for listing and selling many of the most expensive properties in greater Houston last month.
Warren Wetzel, studio director of the KB Home Design Studio, sat down with Houston Agent to discuss the homebuilder’s new-home design predictions for the upcoming year.
How will our homes evolve in the new year?
These are the most expensive new listings in Texas, all added to the MLS in the past month.
The average American spends roughly $1,700 on their monthly rent, according to a new report from RentCafe.
The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.
Detached single-family homes remained the most popular type of housing, making up 79% of all home purchases during the past year.
Last month’s most expensive Houston home sales range from a grand estate in the heart of River Oaks to an opulent condominium in The Huntingdon high-rise.
Only 35% of Houston-area households could afford a median-priced home during the third quarter of the year. That’s the lowest housing affordability has been in Houston since 2012.
In Houston, 47% of millennials moved out of their parental home in the past five years, with 19% still stuck at home.
The agent with the most $1 million-plus listings was Laura Sweeney of COMPASS RE Texas, who accomplished a sales volume of over $71.8 million across 19 transactions.
Home sales are heating up in several key Houston neighborhoods, according to HAR’s report of the Hottest Communities in the Houston Area.
Agents from Moreland Properties are responsible for the most expensive and second-most expensive new listings in the state of Texas.
Houston still has a ways to go in recovering from the Covid-19 pandemic, according to a report from the University of Toronto.
The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.