Houston’s Luxury Home Market Gets a Boost in January


Houston’s Luxury Home Market Gets a Boost in January
for the full article go to http://www.har.com/newsroom/dispPressRelease.cfm

Surge in sales of homes priced $500K and above promotes double-digit price appreciation

HOUSTON — (February 16, 2010) — The Houston real estate market opened 2010 with a mixed bag of readings, making it difficult to determine a clear direction for the months ahead.

January sales of single-family homes across the greater Houston area slid 12.3 percent compared to January 2009, according to the latest monthly data compiled by the Houston Association of REALTORS® (HAR). When broken out by segment, sales of single-family homes priced from $500,000 and above showed dramatic gains in January while sales of homes on the opposite end of the spectrum, those priced from $80,000 and below, fell. Sales of all property types declined 7.4 percent in January on a year-over-year basis.

Information provided by Houston Association of Realtors

If you are interested in purchasing a home or know someone who is, please feel free to contact me for additional information on the Home Buying Process. Michele@bethwolff.com

Michele is a licensed Realtor with Beth Wolff Realtors. 713-622-9339 or reference this blog.

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