The Woodlands is a quintessential master planned community in Texas near Houston. Its subtropical climate with mild winters and healthy economy make it an attractive segment of the luxury real estate market. Discover some of the finer details with The Woodlands, Texas luxury real estate market report.
Real Estate Stats
The median listing prices for homes in The Woodlands for the past month was $465K. That is distinctly higher than the greater Houston area, where median prices sit right around $300K. This indicated that The Woodlands has a high concentration of Texas luxury real estate. In fact, as many as 40 multimillion dollar homes are listed for sale now in the community, accounting for about 5% of total listings.
Additionally, appreciation of homes in The Woodlands has increased nearly 5% in the last year. The Woodlands is a popular community, this makes it a great market to enter right now as luxury real estate is only growing more valuable.
Cost of Living
As a part of the fifth largest metropolitan area in the United States, The Woodlands offers access to the urban services of Houston without the premium of living near the biggest cities. Actually, housing is the only category where its cost of living exceeds the national average. For a luxury home buyer, this is good news. It means that while homes are more costly, other expenses remain relatively low.
Since 2000, The Woodlands has experienced a boom in corporate office space construction, accounting for over a third of all new office space in Greater Houston. Reflecting the economic makeup of the region, the city is home to the operations of major energy, infrastructure, shipping, and pharmaceutical companies. As firms relocate their offices from central Houston to its suburbs, additional economic growth in The Woodlands is promising.
A Wonderful Opportunity
The reasonable cost of living, the expanding economy, and the abundance of luxury real estate in The Woodlands make it an idyllic location for those in the luxury housing market. If that’s you, you really should consider Regency Woods, a palatial home in the coveted Carlton Woods community within The Woodlands.
The estate offers many comforts situated around a breathtaking two-tiered central courtyard. Five en-suite bedrooms accompany a cathedral-esque master suite with walk-through shower and jetted tub. The main chef’s kitchen is joined by a catering kitchen to accommodate gatherings of any size. An outdoor living space area, complete with a summer kitchen, large sitting area and full bar, open to stunning, manicured grounds graced by mature palm trees, with the Jack Nicklaus Signature Golf Course just steps beyond.
Regency Woods will be available at a luxury no reserve absolute auction on February 9, 2017. To learn how you can name your own price for this palatial piece of luxury real estate in The Woodlands, contact Supreme Auctions today at (866) 929-2243.