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Tag: Houston real estate

  • Grand Central Park nears close-out as final lots go to builders – Houston Agent Magazine

    Johnson Development turned over the final 159 lots to builders at Grand Central Park, the Conroe master-planned community that’s been actively selling for 10 years.

    For this final phase, David Weekley Homes, Drees Custom Homes, Highland Homes, Perry Homes and Westin Homes will build on lots ranging from 45 to 60 feet wide.

    Johnson Development first acquired the 2,000-acre community in 2013. Today, the MPC features more than 1,500 homes, an 88-acre lake, amenity complex, event center and approximately 1,000 acres of natural land.

    “We’ve had an amazing run in Grand Central Park, realizing our vision to create a vibrant community that has a unique blend of abundant natural elements and urban conveniences,” Senior Vice President and General Manager Bob Douglas said in a press release. “Over the past 10 years, Grand Central Park has transformed the Conroe region with more retail, restaurants and office space, all while preserving much of the natural elements beloved by so many local residents.”

    The last new homes will likely sell in mid- to late-2027, Douglas said.

    Emily Marek

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  • The Hearn Team departs Compass for BHGRE Gary Greene – Houston Agent Magazine

    The Hearn Team, led by Tory Hearn, is now affiliated with Better Homes and Gardens Real Estate Gary Greene and will operate out of the brokerage’s Woodlands office. The team was formerly associated with Compass.

    “I wasn’t looking to make a change lightly,” Hearn said in a press release. “Gary Greene stood out for its culture, support and understanding of how established agents operate. It felt like the right long-term fit.”

    A resident of The Woodlands for over 40 years, Hearn founded The Hearn Team with his wife, Jenny Hearn, in 2008. Sales Associate Kezia Fredricksen joined the team in 2020.

    “Tory is someone other agents know, trust and enjoy working with,” said James Turner, director of growth for Gary Greene. “His reputation in the community and among his peers reflects the values and culture we’re intentional about building.”

    Emily Marek

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  • HAR: Houston housing market balanced, ‘back to normal’ in 2025 – Houston Agent Magazine

    Last year was a “solid year for both buyers and sellers” as market conditions returned to pre-pandemic norms, the Houston Association of REALTORS® said in its December/Full-Year 2025 Housing Market Update.

    According to the association, closed home sales for 2025 increased 2.3% over 2024 volumes, while the total dollar value increased 4.5% to $42.9 billion.

    “The past year brought a welcome sense of balance back to the Houston housing market,” said HAR Chair Theresa Hill with Compass RE Texas. “Buyers had more choices, prices were more stable, and homes continued to sell at a steady pace. As we head into the new year, that stability will provide a solid foundation for continued growth.”

    The Houston region saw year-over-year declines in only three months out of the year: February, April and November. Sales during summer months, meanwhile, more than made up for those deficits.

    Active inventory continued its upward trajectory in 2025, with active listings hitting a record-high 39,490 properties in July. Houston had a 5.5-month inventory then — the highest level since June 2012.

    Across the year, homes stayed on the market for an average of 64 days, up from 59 days in 2024.

    Prices remained stable: The median home price was flat at $334,990, while the average increased 0.9% year over year to $426,558. Luxury market activity pushed the average to an all-time high of $449,561 in June.

    “We’re selling just as many homes in the Houston area now as we did in 2019, which shows how far this market has come,” said HAR Chief Economist Ted Jones. “Houston is one of the few markets in the country that’s truly back to normal. The recovery a lot of people have been waiting for showed up in our region in 2025, and I think we’ll continue to see sales increased in 2026.”

    Houstonians saw improved affordability during 10 months of the year when compared to 2024. Assuming a 20% down payment, December buyers paid $87.72 less for the monthly housing costs for a median-priced home compared to buyers in December 2024.

    December 2025

    Closing out the year on a strong note, Houston home sales increased 1.2% year over year in December, with 8,707 total closings during the month. Pending sales increased 12% year over year, with 6,043 listings going under contract.

    The total dollar volume rose 2.1% year over year to $3.6 billion, while the median sales price increased 0.8% to $425,535, and the average rose just 0.3% to $335,000.

    Given the rate of sales, the Houston metro area had a 4.5-month inventory in December, up from four months a year prior.

    Emily Marek

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  • New listings jump 14.8% in Houston as pending, closed home sales dip – Houston Agent Magazine

    Realtors added 3,819 properties to the MLS during the week ending Jan. 12 — a 14.8% year-over-year bump, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®.

    Amid that surge in new listings, home sales decreased annually. Buyers closed on 1,053 properties during the week, down 8.3% from the same week in 2025. Pending sales also declined 13.4%, with 1,518 listings going under contract.

    However, property showings increased, with 39,706 during the week, up 10.4% year over year. Open houses also increased 14%, with 8,763 held during the week.

    Emily Marek

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  • Leasing starts at The Langley high-rise in Museum District – Houston Agent Magazine

    StreetLights Residential began leasing for The Langley, a 134-unit, luxury high-rise building at 1717 Bissonnet St. in Houston.

    Located between the Museum District and Rice University, The Langley features two- and three-bedroom apartments ranging from 2,165 to 3,401 square feet with 10-foot ceilings, oak flooring, private balconies, walk-in closets, smart-home technology, Wolf cooktops, built-in wine coolers and service kitchens.

    Rents start at $9,100 per month. Martha Turner Sotheby’s International Realty is serving as the exclusive listing partner for the project.

    “The Langley stands apart for the care taken at every level — from the scale of the residences to the refinement of the finishes,” Paul Kilian, co-president of Martha Turner Sotheby’s International Realty, said in a press release. “We understand what discerning clients look for, and the Langley delivers it all — quality craftsmanship, unparalleled amenities, thoughtful spatial planning and a rare sense of privacy. We’re proud to represent such a distinctive offering.”

    On-site amenities at The Langley include a private pool deck with cabanas, fireplaces, grills, walking paths and a pizza oven, plus a fitness center, lounge, dog run, pet wash and bike storage. Private garages are available for rent.

    FirstService Residential manages day-to-day operations, including valet, maintenance and concierge services.

    Emily Marek

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  • Texas sets new state record for $1M home sales – Houston Agent Magazine

    More million-dollar homes sold in Texas last year than ever before, according to a new luxury report from Texas REALTORS®.

    During the time period from November 2024 to October 2025, buyers in the Lone Star State purchased 14,418 homes priced $1 million or higher, marking a 12% year-over-year increase. That volume set a new record-setting for the state — as did the $24.5 billion dollar value associated with those sales.

    Furthermore, despite only making up 4.3% of statewide sales in 2025, $1 million-plus homes made up 17.2% of the state’s total dollar volume.

    “High-end homes continue to be a small but mighty segment of the market,” Jennifer Wauhob, chairman of Texas REALTORS®, said in a press release. “Texans remain confident in the value of these properties, whether they are drawn to outstanding amenities, prime locations or both.”

    Million-dollar home sales increased by at least 10% in all four of Texas’s major metros, with the highest annual jump of 18% seen in Houston. Nearly 90% of all $1 million-plus sales occurred in those four metros, with Dallas-Fort Worth representing the largest share at 38%, followed by Houston at 27%, Austin at 19% and San Antonio at 5% (the rest of the state made up just 11%).

    The median closing price for $1 million-plus homes was $1,370,000, with the highest median of $1,421,560 seen in the Dallas-Fort Worth metro, followed by Houston at $1,385,000. The typical $1 million-plus home closed for 93% of its original list price — slightly higher in Houston, where the close-to-list price ratio was 94%.

    Statewide, the price-per-square foot increased from $418 to $423 — more than double the Texas average of $188 per square foot.

    Emily Marek

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  • Home sales tick higher in first week of 2026 – Houston Agent Magazine

    Closed home sales rose 2.1% year over year during the week ending Jan. 5, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®.

    Buyers purchased 1,440 homes, up from 1,410 during the same week in 2025. Pending sales, however, declined 6.7% year over year, with 1,261 homes going under contract.

    Meanwhile, Realtors added 2,524 new properties to the MLS, a 5.6% year-over-year decrease.

    Emily Marek

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  • Sunterra remains Houston’s top-selling MPC – Houston Agent Magazine

    Home sales in the Houston metropolitan area made up nearly 20% of sales on RCLCO Real Estate Consulting’s 2025 Sales Top 50 Master-Planned Communities report, with Sunterra in Katy leading the way.

    Based on total new-home sales closed last year, the community from Land Tejas and Starwood Land ranked No. 5 in the United States, with 1,024 sales. Although that figure was down 23% from 2024, it still made Sunterra the top-selling Houston-area MPC — a title it’s held since sales began in 2022.

    Also in Katy, the Tamarron community from D.R. Horton ranked No. 9 with 974 sales, up 32% year over year, edging out Bridgeland as Houston’s second-ranked MPC. The Howard Hughes community, meanwhile, ranked No. 11 with 812 sales, down 13% year over year.

    Other Houston MPCs in the top 50 were Anniston (No. 12) from Friendswood Development in Katy, with 775 sales; The Grand Prairie (No. 17) from EMBER in Hockley, with 639 sales; Meridiana (No. 24) from Rise Communities in Rosharon, with 527 sales; Sienna (No. 38) from Johnson Development and Toll Brothers in Missouri City, with 432 sales; Elyson (No. 41) from Brookfriend Properties in Katy, with 413 sales; Lago Mar (No. 46) from Land Tejas and Starwood Land in Texas City, with 380 sales; and Jordan Ranch (No. 50) from Johnson Development in Fulshear, with 361 sales.

    Emily Marek

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