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    Luxury Living on the Rise

    Sales of million-dollar homes skyrocket in Dallas — and across Texas

    Jonathan Rienstra
    Jan 9, 2014 | 9:56 am

    Luxury home sales are on the rise across the state, measuring double-digit growth among Texas’ four main cities, including a 22 percent increase in the Dallas-Fort Worth market.

    The most recent report from the Real Estate Center at Texas A&M University shows that sales of homes $1 million and higher are up year-to-year based on sales between January and October 2013.

    In Dallas-Fort Worth, sales are up 22 percent, just slightly above the 19 percent year-to-year increase of the housing market as a whole. In total, 809 luxury homes were sold in the area.

    It’s no surprise that Dallas has plenty of luxury homes on the market. Here are some of our favorites right now:

    • 4610 Wildwood Rd. in Bluffview is an impressive, 7,000-square-foot contemporary home that sits on a 1.3-acre site, with three bedrooms and 3.2 baths. It is currently on the market for $9,750,000.
    • 5323 Swiss Ave. sits in the historic Swiss Avenue district, featuring seven beds and eight baths in an 11,000-square-foot house built in 1916. It is priced at $3,400,000.
    • 3301 Beverly Dr., in the heart of Highland Park, contains 40 trees on .65 acres. The 1931 house has four bedrooms and six baths. It is going for $5,995,000.
    • 4650 Meadowood Rd. in North Dallas has six bedrooms and nine baths in more than 12,000 square feet. It sits on a 3.42-acre lot and is priced at $8,995,000.

    In Houston, luxury home sales were up 46 percent, and 1,060 luxury homes were sold between January and October 2013. During that same time, 439 luxury homes sold in Austin, making this the fastest-growing price class in the city, with a 55 percent increase from 2012.

    Only 86 luxury homes sold in San Antonio, but it was still an 8 percent increase compared to the previous year.

    4650 Meadwood Rd. [http: /www.daveperrymiller.com/property/24011185/4650-Meadowood-Road-DALLAS-TX-75220] in North Dallas rests on 3.42 acres and is listed for $8,995,000.

    4650 Meadowood Road by Dave Perry Miller
    Photo courtesy of Dave Perry-Miller & Associates
    4650 Meadwood Rd. [https: /www.daveperrymiller.com/property/24011185/4650-Meadowood-Road-DALLAS-TX-75220] in North Dallas rests on 3.42 acres and is listed for $8,995,000.
    unspecified
    news/real-estate

    REAL ESTATE NEWS

    Dallas ranks No. 9 among U.S. cities for canceled home sales in 2025

    Brianna Caleri
    Brandon Watson
    Nov 6, 2025 | 1:39 pm
    House/flat for sale sign
    Getty Images
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    Homebuyers across the United States are ghosting sellers at record rates, and Dallas has some of the worst offenders. Real estate marketplace Redfin tracked which metros saw the most buyers getting cold feet before closing real estate deals: Dallas came in at No. 9.

    Redfin says 17.7 percent of Dallas home purchases were called off in September 2025, an increase from 16.4 percent in September 2024.

    Fort Worth was even worse, landing at No. 4. In September, 18.7 percent of Fort Worth home purchases were called off, up from from 16.6 percent the previous year.

    By comparison, San Antonio ranked No. 2 overall, with the highest pull-out rate in Texas, at 19 percent.

    Tampa, Florida, topped the list with a cancellation rate of 20.1 percent. The national average is 15 percent.

    Redfin says Goldilocks thinking is largely to blame for the rise in buyers "ghosting" sellers. A lack of compromise on concessions and repairs is driving the trend, with buyers refusing to accept imperfect homes.

    Meanwhile, sellers want to avoid losing money on the deal. This is especially true of homeowners who bought during the COVID-19 boom, who are holding their asking price firm to avoid taking a loss. With plenty of homes on the market in "Sun Belt" cities — in some place, more than twice as many sellers than buyers — buyers are weighing all options.

    “I’m seeing a lot of buyer’s remorse,” explained Redfin agent Jo Chavez, in a release. “Buyers make an offer, then they start worrying they could have found a better deal or a better home because there are more home sellers than buyers in the market. Some other buyers are backing out because they’re concerned about job security.”

    The top 10 markets with the most sideways deals include:

    • No. 1 — Tampa, Florida
    • No. 2 – San Antonio, Texas
    • No. 3 — Atlanta, Georgia
    • No. 4 — Orlando, Florida
    • No. 5 — Fort Worth, Texas
    • No. 6 — Riverside, California
    • No. 7 — Fort Lauderdale, Florida
    • No. 8 —Jacksonville, Florida
    • No. 9 — Dallas, Texas
    • No. 10 — Las Vegas, Nevada
    home salesmarket conditionseconomyresidentialreal estate
    news/real-estate

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