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    real hot news

    Top 10 Houston real estate stories of 2019 showcase a big little trend

    Steven Devadanam
    Dec 26, 2019 | 1:30 pm
    Houston tiny homes 1510 Dumble row houses
    Houston's hottest real estate news story centered on tiny homes.
    Photo by Mitchell Cantu Photography

    Editor's note: As the year comes to a close, we look back at the 10 biggest real estate stories in Houston for 2019 — including a big tiny home trend, Houston's hottest neighborhoods, and a midcentury waterfront marvel.

    1. New tiny home development in Eastwood is a first for Houston. A cluster of tiny homes on Dumble Street in Greater Eastwood has generated quite the buzz. Refuge, one of Houston's leading developers, in conjunction with architecture firms Brett Zamore Design and Gibson Design, Inc., have created the mini-development of one- and two-bedroom homes, each between about 600 and 800 square feet, packed with amenities for modern living.

    2. Legendary Houston defense attorney's sprawling Texas ranch offered at $1.2 million. Iconic Texas attorney Dick DeGuerin is selling off 40 acres of his sprawling, 120-acre ranch tucked into the gently rolling hills of Carmine, Texas (colloquially known as Burton). The parcel comes with two lakes, grassy areas, and a forest of live oak trees — the perfect escape from the big city.

    3. 3 hottest Houston neighborhoods for 2019 predicted by real estate authority. For its Hottest Neighborhoods of 2019 list, real estate website Redfin featured three neighborhoods each in many of the largest metro areas in the U.S., compiled with Redfin user data and agent insights from November 2018. In Houston, Redfin spotlighted MacGregor, South Acres-Crestmont Park, and Second Ward as the hottest in the city.

    4. This ritzy Houston neighborhood declared No. 2 most expensive in Texas. Afton Oaks, in the ritzy River Oaks area, has been named the second most expensive neighborhood in the state — and the most expensive in the metro — by ConstructionCoverage.com. The affluent neighborhood boasts a median home value of $1,024,600. Home values in the neighborhood jumped 3.68 percent in one year, 5.42 percent in the last five, and 3.84 percent in the last decade, the study adds.

    5. This is the salary you need to afford rent in Houston right now. While many renters are burdened across the nation, in the Bayou City, the median rent price for a two-bedroom apartment clocks in at $1,026. That means a local renter here needs a gross annual income of $41,080 to afford rent without being cost-burdened, which is defined as spending more than 30 percent of gross income on rent. Apartment List breaks that down to an hourly wage of $20. Meanwhile, the estimated median household income in Houston for 2018 was $50,980, giving renters plenty cushion.

    6. One of the world's largest rooftop gardens will bloom in downtown Houston. The Barbara Jordan Post Office, the massive government building nestled in the Theater District, will be transformed into a bustling, dynamic, mixed-use complex that’s meant to become the city’s new urban ecosystem. What’s sure to be a draw are the Buffalo Bayou and downtown views from Skylawn, the sprawling five-acre rooftop park and sustainable organic farm that calls to mind downtown rooftop green spaces in New York City.

    7. Bustling Rice Village quietly shakes things up with major change. A major change has quietly taken place at Rice Village. Houston-based company REIS Associates, LLC now manages the property, taking over for Trademark Property Company, the Fort Worth-based firm that has overseen the property for the past five years. Perhaps the biggest change can be seen in the mix of restaurants in the development. Establishments such as Baker St. Pub, Kubo’s, Yum Yum Cha, and La Madeline have been replaced by high-profile national restaurants such as Hopdoddy and Shake Shack.

    8. This is how much space you can rent for $1,500 in Houston right now. Houston rents have steadily increased in recent years, but the Bayou City still offers a pretty good bang for your buck, at least according to one recent report by PropertyClub. Renters here can get 626 square feet in Houston for $1,500, compared to only 585 square feet five years ago. Houston clocks in as the most affordable U.S. city in the report, tied with Dallas.

    9. Exclusive details revealed for anticipated boutique hotel coming to The Heights. Houston hospitality veteran Ben Ackerley shared his plans for his new Heights boutique hotel exclusively with CultureMap food editor Eric Sandler. The 37-room Maison Robert will feature a pool and a bar, but it won’t have a restaurant. The area is surrounded by good choices from casual options like Torchy’s Tacos and the Rice Box to more upscale options like Alice Blue and La Lucha.

    10. Legendary Galveston family's midcentury modern marvel hits market for $2 million. Nestled in the heart of Galveston Bay, the palatial residence of 1504 Driftwood Ln. checks off myriad items on a discriminating buyer’s wishlist. The waterfront home was built for larger-than-life Galveston philanthropic icon, Bill Moody, and his wife, Darlene. The couple’s home was designed by world-renowned architect O’Neil Ford, notable as the only individual to ever be designated a National Historic Landmark by the National Council on the Arts.

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    news/real-estate

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    So hot right now

    Houston nails down No. 8 spot among fastest-moving luxury home markets

    John Egan
    Dec 22, 2025 | 1:30 pm
    11095 Memorial Drive exterior
    TK Images for Martha Turner Sotheby's International Realty
    11095 Memorial Drive is for sale for $8.8 million.

    For-sale signs on the lawns of luxury homes in Houston-area communities like Bellaire, River Oaks, West University Place, and The Woodlands are disappearing faster than in most U.S. markets.

    November’s Realtor.com Luxury Housing Report shows luxury homes in the Houston metro area spent a median 61 days on the market in November, up 3.4 percent from last November. That puts the Houston metro in eighth place among the country’s fastest-moving luxury home markets.

    Asking prices for Houston-area listings among top-tier luxury homes started at $794,576 in November, according to the Realtor.com report.

    The Houston Association of Realtors (HAR) says stepped-up activity in the luxury home market helped boost the average single-family home price in the area to $422,552 in November. The luxury market — homes priced at $1 million and above — was the region’s top-performing home category in November, according to HAR, with sales up 23.4 percent compared with the same time in 2024.

    The Realtor.com report ranks San Jose, California, as the fastest-moving metro for luxury home sales in November. There, luxury homes spent a median 56 days on the market, down 6.7 percent from last November.

    “Luxury home dynamics are increasingly driven by local factors rather than national trends,” Antony Smith, senior economist at Realtor.com, says in a release. “Some high-cost metros are experiencing brisk demand and fast turnover, while others face slower sales even at elevated price points. Understanding these local dynamics is key for both buyers and sellers in today's luxury market.”

    Roughly 200 miles west of Houston, the San Antonio metro lands on Realtor.com’s list of the country’s slowest-moving markets for luxury homes. San Antonio-area luxury homes lingered on the market for 99 days in November, up seven percent from the same time last year. That gave San Antonio eighth place on the list of the country’s slowest-moving luxury home markets.

    Asking prices for San Antonio-area listings among top-tier luxury homes started at $766,548 in November, according to the report.

    In November, 5.6 percent of home prices fell into the $750,000-and-above category, according to the San Antonio Board of Realtors (SABOR).

    Bend, Oregon, tops Realtor.com’s list of the slow-moving markets for luxury homes. In the Bend metro area, luxury homes were stuck on the market for a median 146 days in November, up 14.1 percent from the same period in 2024.

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