Despite Dip in Oil Prices, Houston Luxury Market Still Among Hottest Nationally

Houston is still among the hottest U.S. cities for luxury home sales despite the oil downturn, according to a new national report. The Bayou City ranked No.5 among major U.S. cities based on the number of closed sales of luxury homes valued at $1 million and higher, according to Coldwell Banker Previews International spring 2015 luxury market report. Realtors in the Houston area sold 1,045 luxury homes in 2014, according to the Madison, New Jersey-based real estate company. San Francisco had the most luxury home sales nationally, closing on 2,802 homes, followed by Los Angeles (2,573 sales), New York City (1,639 sales), San jose (1,312) and Houston.

Leave a Reply

Your email address will not be published. Required fields are marked *