{"id":75595,"date":"2021-12-16T10:30:21","date_gmt":"2021-12-16T09:30:21","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=75595"},"modified":"2021-12-16T10:57:50","modified_gmt":"2021-12-16T09:57:50","slug":"luxury-real-estate-sales-in-texas-continue-to-grow","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/luxury-real-estate-sales-in-texas-continue-to-grow\/","title":{"rendered":"Luxury real estate sales in Texas continue to grow"},"content":{"rendered":"<h4>A report released by Texas Realtors has revealed its analysis in relation to the increase in luxury home sales in Texas. The report analyzes sales of homes priced at or above $1 million between November 2020 and October 2021.<br \/>\n<!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p>This report reveals that the number of <strong>luxury homes<\/strong> that sold for $1 million or more between <strong>November 2020 and October 2021<\/strong> increased by <strong>89.6%<\/strong>. This 2021 report states that<strong> Texas<\/strong> reached <strong>11,980 sales<\/strong> on luxury home sales, with a total volume of <strong>$19.9 billion<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;<em>Rising home prices in Texas have led to a sharp increase in the number of homes sold in the million-dollar and above range<\/em>,&#8221; said <strong>Marvin Jolly<\/strong>, president of <strong>Texas Realtors<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;<em>The increase in prices has changed the profile of homes that were historically listed in this category. We are seeing more neighborhoods where homes are selling for over $1 million. In many cases, homes that would have sold for less than $1 million last year are exceeding that mark this year<\/em>,&#8221; adds <strong>Jolly<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>Through the<strong> first 10 months<\/strong>, the median price of luxury homes in Texas in 2021 was <strong>$1,360,133<\/strong>, up <strong>0.1 percent<\/strong> from the previous year. The average price per square foot for luxury homes increased <strong>9.5 percent<\/strong> to <strong>$395<\/strong>, which was previously<strong> $166<\/strong> for luxury real estate in Texas.<\/p>\n<p>&nbsp;<\/p>\n<p>The report also tells us that from <strong>January to October 2021<\/strong>, luxury homes in Texas went from an average of <strong>55 days on the market to 31 days<\/strong>, compared to the same period in <strong>2020<\/strong>. Proving once again, the popularity of luxury homes in Texas.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt; <a href=\"https:\/\/luxus-plus.com\/en\/parisian-luxury-real-estate-in-great-shape-in-2021\/\">PARISIAN LUXURY REAL ESTATE IN GREAT SHAPE IN 2021<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Sotheby&#8217;s International Realty<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report released by Texas Realtors has revealed its analysis in relation to the increase in luxury home sales in Texas. The report analyzes sales of homes priced at or above $1 million between November 2020 and October 2021.<\/p>\n","protected":false},"author":1,"featured_media":75600,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"A report released by Texas Realtors has revealed its analysis in relation to the increase in luxury home sales in Texas. 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