Gerald Hines’ $34.5 Million Estate Hits the Market

THE NEW YEAR has started off with a bang for the Houston housing market. Sales of homes priced at $750K and above — ones categorized in the "luxury" segment, per HAR — were up nearly 75 percent in January, compared to the same timeframe last year. Buyers appear to be taking advantage of the low interest rates, and not letting homes sit on the market for very long.

ON THE HEELS of a record-breaking 2020, HAR reports that 2021 is on pace for a similarly historic run. The housing market here continues to tout fewer homes at higher prices: Active listings were down 41.5 percent year-over-year in January, while list prices were up by nearly 11 percent. Last month's average single-family-home list price was $333,941, compared to just $301,550 for the same time frame in 2020. Among January's transactions were several multi-million-dollar properties; here are the 10 most expensive homes sold last month. (Hint: Wine rooms galore, and River Oaks reigns!)

3465 OVERBROOK LANE A five-bed, three-fireplace home listed for just under $7 mil sold last month after only 41 days on the market. The River Oaks location near St. John's was a big selling point, as were the home-entertaining features like the wine room and outdoor kitchen.