HOMES IN RIVER OAKS, THE WOODLANDS AND MEMORIAL ARE AMONG THE MOST EXPENSIVE PROPERTIES SOLD IN 2016
HOUSTON — (January 26, 2017) — Homes located in River Oaks, The Woodlands and Memorial ranked among the most expensive-selling properties throughout Greater Houston in 2016.
As the Houston Association of Realtors (HAR) reported on January 11, the local real estate market concluded 2016 with a record performance, outpacing the previous record-setting year of 2014 even as declining oil prices kept many on edge. The most constrained segment – homes priced from $500,000 and up – which saw declining sales from August 2015 through October 2016, enjoyed strong sales volume during the final two months of 2016.
Here are the 10 most expensive homes sold through HAR’s Multiple Listing Service (MLS) in 2016, ranked from highest to lowest sales price, with a link to each listing:
1 - 527 Buckingham Dr., Houston, TX 77024
2 - 3688 Willowick Rd., Houston, TX 77019
3 - 88 Grand Regency Cir., The Woodlands, TX 77382
4 - 15 Grand Regency Cir., The Woodlands, TX 77382
5 - 3311 Del Monte, Houston, TX 77019
6 - 5442 Tupper Lake Dr., Houston, TX 77056
7 - 59 Tiel Way, Houston, TX 77019
8 - 3744 Willowick Rd., Houston, TX 77019
9 - 2 E. Rivercrest Dr., Houston, TX 77042
10 - 3725 Del Monte Dr., Houston, TX 77019
“It took most of 2016 to restore vitality to the upper end of the Houston real estate market, but we got there, and I believe that is the direct result of a truly diversified local economy,” said HAR Chair Cindy Hamann with Heritage Texas Properties. “Even as energy jobs went away, other industries continued to hire and that has drawn home buyers and renters to our market.”
Homes priced from $1 million and up made up 1.8 percent of all 2016 home sales activity across Greater Houston.
Founded in 1918, the Houston Association of REALTORS® (HAR) is a 36,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.