Luxury Living on the Rise
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.
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.