John A. Daugherty, Jr. (President/CEO of John Daugherty Realtors)
I love reading great news about Houston. And I especially love reading great news about the Houston real estate market. HAR (Houston Association of Realtors) has just released its figures for January 2010, and it is very optimistic, particularly with regard to the luxury market.
According to HAR, single family home sales priced between $250,000 and $500,000 were up 21.6% in January, while home sales between $500,000 to the millions surged 40%.
Meanwhile, HAR reported that foreclosure property sales fell 30.1% in January compared to January a year ago.
As for the median price of a single-family home in January, that price was $144,500, which reflects an 11.9% increase from January 2009. This also represents the ninth consecutive monthly increase in median price, as well as the highest median single family home sale reported for any January on record in Houston, Texas. The average sales price of $194,154 also represents an increase of 18.4% from a year ago.
In an article appearing in today’s Houston Chronicle, John A. Daugherty, Jr., president and CEO of John Daugherty, Realtors says that, “there are plenty of positive signs that the luxury housing market is turning around.” Daugherty spoke candidly with Chronicle reporter Nancy Sarnoff about the future of the luxury real estate market in Houston.
When asked when Houston’s real estate market is going to come back, Daugherty says: “There are positive signs for the market as new home construction is on the rise and the upper end is getting stronger. I would imagine other segments of the market will follow by the second half of this year.”
To read the entire article, please click on this link: John Daugherty Speaks on the Houston Luxury Market.
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