The Houston Association of REALTORS® honored the winners of the 12th annual 20 Under 40 Rising Stars in Real Estate Awards last month, recognizing young professionals in the Houston real estate industry based on sales, leadership and community involvement.

Pelican Builders has announced a new River Oaks condominium project located just one block from their latest Houston condominium building, The Revere.

The projected year-over-year change in home sale transactions in the Houston-The Woodlands-Sugar Land region is 2.9%.

“Wood Parners is excited to break ground on Alta Cypress Springs, which will serve as the perfect community for young professionals and families in the west Houston area,” said Bart Barrett, managing director at Wood Partners.

Located at 808 Crawford St. next to Discovery Green, Parkside Residences boasts 43 floors of luxury amenities, stunning views and spacious floorplans.

Texas home buyer A-List Properties has announced an expansion into all Texas markets.

Houston-based builder Wan Bridge has opened a new build-to-rent community that emulates the seaside living experience.

“At the heart of our strategy is walkable urbanism,” Concept Neighborhood’s site reads.

The trend of active-adult communities continues to grow in metro Houston.

Caldwell Communities has opened Chambers Creek, a “55 and better” adult community located in Willis, Texas.

“Midway is excited to partner with Arc,” said Midway president and COO Jamie Bryant. “The principals of our firms have a long-standing relationship, and we plan to target similar opportunities in well-located Texas markets where projects like Sabine Street can be a win-win for residents, investors, and communities in urban infill neighborhoods.”

Data from the Houston Association of REALTORS® Multiple Listing Service (MLS) shows that many home sales in the $1 million-plus price range were closed in October, with the most expensive property setting a Houston MLS record for the all-time priciest listing.

“With our rental product, we’re able to offer a beautiful home setting; we take care of all maintenance; and we give residents the social contact we know most people want,” Caldwell Communities CEO Fred Caldwell said.

The median age of inventory in Houston is 57 days, down from 83 before the pandemic began.

The home, located at 120 Carnarvon Drive, sits on nearly 27,000 square feet of land surrounded by gardens inspired by the gardens at Versailles.

Houston is one of the top real estate markets in the country, according to the Urban Land Institute and PwC’s Emerging Trends in Real Estate in 2023 report.