Texas-based developer Legend Communities has officially opened an on-site sales gallery for The Residences at Tiki Island, a waterfront resort near Galveston.  

A penthouse in the acclaimed Astoria high-rise recently sold for $6.9 million, marking the second-priciest penthouse sold in Houston, according to the Houston Association of REALTORS® Multiple Listing Service. 

Realtors entered 2,492 properties into the Multiple Listing Service (MLS) in week 10, a 9.6% drop from the same week in 2021, according to the Houston Association of REALTORS® weekly activity snapshot.

Houston’s luxury market (homes priced above $1 million) saw higher-than-normal activity in February, with 33.5% more sales than during the same month in 2021. The most-expensive home sold in Houston last month was an 11,108-square-foot single-family home in the River Oaks Tall Timbers subdivision.

The Woodlands has claimed the No. 1 spot on Niche’s 2022 Best Cities to Live In America list. The Houston suburb beat out 227 other cities to secure first place and an overall rating of A+.

Coventry Homes recently expanded its model home portfolio with new models opening in Escondido and The Highlands.

The Houston mansion once owned by the late Baron Ricky di Portanova and Baroness Alessandra di Portanova has been sold for $16 million.

Amid growing concerns regarding the lack of affordable housing across the nation, one master-planned community in Houston aims to provide a safe place to call home for families in the area.

Despite the slight uptick in new listings from last week, Houston’s numbers during the first week of March remained statistically flat compared to the same week in 2021. 

According to the Houston Association of REALTORS® February 2022 Market Update, single-family home sales totaled 7,372 last month, a 22.9% jump from the previous year. 

Currently, median rents in Houston stand at $1,012 for a one-bedroom apartment and $1,204 for a two-bedroom. Houston’s median two-bedroom rent is below the national average of $1,294, an Apartment List report noted.

This year marks the 25th year of new home sales for Sienna, which was ranked among the nation’s top-selling master-planned communities in January.

More than 1,000 homes have been sold in Jordan Ranch since builders initially launched sales in the community just over five years ago.

Despite inventory challenges, the market for new homes in Houston is showing signs of improvement. A new report from HomesUSA.com revealed that new homes are staying on the market longer and prices and sales are stabilizing. 

J. Patrick Homes recently announced plans to debut a new series of floor plans that will extend the builder’s current range of offerings.

Coldwell Banker Realty announced this week that Lisa Fleming has been named regional vice president of the company’s Houston region, where she will lead 15 offices and approximately 1,100 sales associates.