Texas Luxury Home Sales Surge In 2018

Dated: December 14 2018

Views: 358

December 13, 2018 | TAR Staff

Luxury home sales and dollar volume were up more than 10% year-over-year, according to the 2018 Texas Luxury Home Sales Report.

The Texas Luxury Home Sales Report examines the market for homes sold for $1 million or higher in the Austin, Dallas-Fort Worth, Houston, and San Antonio metropolitan statistical areas.

From October 2017 to November 2018, 5,123 Texas homes sold for more than $1 million, an increase of 11.5% over the previous year. The dollar volume of Texas luxury home sales was $8,361,918,994 in the same period, an 11.3% increase. Homes sold for more than $1 million made up 8.5% of all sales dollar volume during the same span.

“Similar to other price ranges of the Texas housing market, luxury home sales are being driven by a thriving economy and an influx of out-of-state buyers moving to Texas,” said Kaki Lybbert, chairman of Texas REALTORS®.


Contact a GroupWatson Agent TODAY for Professional Advice & Expert Direction.

~Experience the GroupWatson Difference~

Call or Email Today!
972.370.1775|BuyOrSell@GroupWatson.com

*GROUPWATSON'S FEATURED LISTING OF THE WEEK*

6613 Westway Drive, The Colony TX 75056

Lake front lot, ready to build your custom luxury home!


Image title

*Bathroom in photo is from Budz Custom Homes budzcustomhomes.com

Blog author image

Lisa Ellard

With a background in marketing and journalism, Lisa Ellard is well-equipped to offer each of her clients savvy business advice, while always keeping their lifestyle needs a priority. She is a detail-....

Latest Blog Posts

Is It Time To Upgrade Your Thermostat

Your thermostat plays an important role in keeping your home comfortable throughout the year. After all, the thermostat is the central hub for controlling the temperature you want to keep your home

Read More

Technology Drives 4 Newest Home Design Trends

Customized appliances, vertical laundry room setups, and an increasing number of wellness-inspired home design options were on display Monday at the virtual CES 2021, which runs through Friday.

Read More

Are You Ready For Smarter Home Security

As smart devices become more common, it’s no surprise to find homeowners who have opted to upgrade to smart thermostats or replace some of their lights with smart LED bulbs. While gadgets like

Read More

Thinking Of Remodeling Take Into Account The Effect On Your Insurance

Remodeling your home can affect your homeowners insurance in several ways, and it may be helpful to talk with your insurance agent before the project begins. Will Your Home Be Covered During

Read More