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How is the Houston Luxury home market doing?

Price rise or drop?
What is the 6 month outlook?
Fri Apr 25 2008, 11:30 - Memorial - Home Buying - 3 answers
 
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Erich
Home Buyer
in Oceanside
Erich, Home Buyer in Oceanside in Oceanside
Answers (3)
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Mark A Fuller was FIRST TO ANSWER
These are the facts:

January - The most dramatic year-over-year sales activity was observed in Houston’s high-end single-family home markets, with increases of 30.3 percent among homes priced above $500,000.

february - Improved year-over-year sales activity continued to be observed in Houston’s high-end single-family home markets, with increases of 11.0 percent among homes priced above $500,000.

March - sales of homes priced above $500,000 fell 15.7 percent .

Hope this helps.

Fri Apr 25 2008, 13:41
Web Reference: http://www.har.com/jch
 
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So far so good. Sales are down a slight bit, but we anticipate the summer to go pretty well, as job's are still doing well here, and we have quite a few people still moving into the area from states where the sales prices are much, much higher than here. Hence we see a lot of people moving here with quite a bit of equity from the sales of their homes in the other states to place down on a very nice home here. We have not seen much of a price drop in the homes, although there are more homes on the market right now. 6 month outlook is good due to the summer months approaching.

Hope this helps.

Fri Apr 25 2008, 11:59
Web Reference: http://www.exceptional-realty.com
 
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FIRST ANSWER
Luxury home is doing Fantatstic!
Largely unaffected by the nationwide slowdown

Fri Apr 25 2008, 11:33
Web Reference: http://www.luxuryhomeshoustontexas.com
 
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