May was the busiest month for Texas' luxury home sales. Meanwhile, January was the slowest month with only million-dollar homes sold. Some are highly valued for their size or amenities, but with many, the key factor is location.
Luxury real estate performance in Houston The report further revealed that the second-highest share A total 3, luxury homes were sold in the Houston area from November to October ; 10 percent more than the previous year. These million-dollar real estate purchases accounted for 16 percent of all residential sales dollar volume in the metro.
The median size of a million-dollar home that sold in Houston last October came out to 4, square feet, whereas the median size of all residential homes sold for the month was less than half that size β only 2, square feet. Houston's share of high-end homes can be located in various affluent areas, from a massive Memorial mansion to a French-inspired Hunters Creek Village estate, or even a renovated Tudor home in West U. Previously, Houston ranked as the No.
Luxury real estate in other Texas metros Houston came in second to Dallas-Fort Worth, which constituted Austin-Round Rock had the third-highest share Here's how the average price-per-square foot and median home size compared across these two Texas metros in October Additionally, 5. It's time for the dreaded tax season, and Houston homeowners may be getting sticker shock looking at their property tax bills in Harris County property taxes have skyrocketed among the highest levels in the U.
The property tax report analyzed the growth in tax rates and housing prices across all 50 states and the most populous U. From to , Harris County taxes increased That places Houston 12th on the list of the top 15 counties with the highest five-year property tax increases nationwide.
