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    Slipping sales

    Houston's new-home sales cool off over summer 2019, new data shows

    John Egan
    Aug 22, 2019 | 9:15 am
    Austin Photo Set: News_steven_home buying need a job to qualify_may 2012_sold house
    Sales declined between June and July, but year-over-year sales are up in Houston.
    Courtesy photo

    It may be hot as you-know-what outside, but the new-home market in Houston is cooling off just a tad, according to data compiled by HomesUSA.com.

    New-home sales in Houston totaled 1,297 in July, down 6.6 percent from 1,388 in June but up 3.3 percent from 1,256 in July 2018, HomesUSA.com says in an August 19 release.

    Meanwhile, the average price of a new home in Houston has held fairly steady over the past year. The average price in July was $357,118, compared with $358,810 in June and $355,842 last July, according to Addison, Texas-based HomesUSA.com, whose technology platform helps builders sell homes.

    The state’s three other major metro areas saw similar trends in new-home sales, the HomesUSA.com data shows.

    Ben Caballero, founder and CEO of HomesUSA.com, says all four of Texas’ major new-home markets remain healthy.

    “After a good 2018, the market is steady, but as last fall proved, it is very sensitive to interest rates,” Caballero says. “At the moment, I expect a good market and expect prices to be in check due to builder competition. With current interest rates, this is a good time to buy.”

    The most dramatic change outside Houston happened in San Antonio. There, the average number of new-home sales dropped 13.1 percent from June to July (going from 534 to 491). The decline from July 2018 (519 sales) to July 2019 was 5.4 percent, HomesUSA.com says.

    At the other end of the spectrum, Austin experienced the smallest year-over-year decline in average new-home sales — from 667 in July 2018 to 653 in July 2019, a decrease of 2.1 percent. The month-to-month fall-off was bigger, however, with the number shrinking 6.7 percent from June 2019 (700 sales) to July 2019.

    Similarly, Dallas-Fort Worth witnessed a 6.9 percent drop in new-home sales from June to July 2019 (1,364 to 1,270), along with a 2.8 percent year-over-year decrease from the 1,306 sales in July 2018.

    The waning number of new-home sales in Austin, San Antonio, and DFW coincided with a slight overall uptick in new-home prices, according to HomesUSA.com.

    Austin witnessed the biggest jump in average new-home prices, the HomesUSA.com data indicates. The average price in July 2019 was $372,365, up 1.9 percent from July 2018 ($365,495) and up 1.5 percent from June 2019 ($367,041).

    San Antonio saw less movement in prices than Austin. The average new-home sale price in San Antonio stood at $299,151 in July 2019, up from 1.8 percent in July 2018 ($293,842) and up 0.6 percent from June 2019 ($297,387), HomesUSA.com says.

    In DFW, new-home prices barely budged. The average price in July 2019 was $375,694, up 0.5 percent from June 2019 ($373,960) but down 0.2 percent from July 2018 ($376,596).

    HomesUSA.com relied on Multiple Listing Service data from Realtors groups in Houston, Austin, San Antonio, and DFW to produce its analysis.

    rankingstrendslistshome-for-sale
    news/real-estate

    Where to Live Now

    Houston high-rise's 2-story penthouse hits the market at $11 million

    Brianna McClane
    May 12, 2026 | 10:30 am
    ​Penthouse 2502 at The Belfiore
    Photo by Harry Stonhill
    Penthouse 2502 at The Belfiore spans the top two stories of the high rise.

    For those looking to move on up to a deluxe penthouse in the sky — the new $11 million listing at 1275 S. Post Oak Lane, Unit 2502 hits the right note.

    At nearly 9,000 square feet, Penthouse 2502 at The Belfiore spans the top two floors of the 26-story high rise.

    "The team that created Penthouse 2502 offers Houston something exceptionally rare: a brand-new, never-occupied, two-story residence with custom-caliber design atop an established luxury tower," said Justin Dugat of Douglas Elliman, co-listing agent with Misty Meredith, in a statement.

    The penthouse underwent a full build-out in the past seven months under the guidance of Jeffrey Fawaz and Mike Elaridi of Fratelli Companies with Ghandi Saad and Salim Obeid of RSG Development Group.

    “From the beginning, we saw the opportunity to create something truly elevated; not just in design, but in experience,” Fawaz said. “Every detail was approached with intention, and the result is a space that reflects both luxury and functionality in a seamless way.”

    \u200bPenthouse 2502 at The Belfiore

    Photo by Harry Stonhill

    Penthouse 2502 at The Belfiore spans the top two stories of the high rise.

    What was once a blank concrete shell is now an 8,689-square-foot home with five bedrooms, including two primaries and a dedicated 680-square-foot dressing room, along with three full and three half bathrooms.

    The home’s two floors are connected via both an interior lift and a floating staircase that serves as a sculptural centerpiece. Multiple entertaining spaces include a media room, office, wet bar, massage room, and a wine cellar.

    The views are a luxury of their own, with floor-to-ceiling windows and two corner terraces offering panoramas of the east, west, and south.

    The list of elevated features is extensive, including an automated designer lighting system by Lutron and appliances from La Cornue and Gaggenau. Venetian plaster, Italian marble countertops, European cabinetry, and custom white oak herringbone flooring throughout highlight the attention to craftsmanship.

    The Belfiore’s amenities add to the penthouse’s appeal, with a 24-hour concierge and valet, swimming pool, athletic club, private dog park, and — perhaps most enticing in Houston — industrial generators. The perks come with a hefty monthly maintenance fee of $11,157.

    The 45-residence building, completed in 2016, was originally developed by Giorgio Borlenghi of The Interfin Companies alongside McNair Interests, the investment entity of late Texans owner Bob McNair.

    “Houston’s luxury high-rise condo market is gaining momentum, driven by demand for a lock-and-leave, full-service lifestyle,” Dugat said. “As more wealth flows into the city, buyers are prioritizing efficiency, design, and the ability to spend more time living and less time managing a traditional home.”

    high-riseshome-for-sale
    news/real-estate

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