Luxury Sales Skyrocketed in 2014 Says Texas Association of Realtors

4326 Lorraine

Caroline Summers, the Briggs Freeman Sotheby’s agent who sold 4326 Lorraine, says that well-designed luxury homes in high-profile areas are seeing heightened demand.

Luxury home sales with prices of $1 million and up posted huge growth in 2014 according to the latest Texas Luxury Home Sales Report from the Texas Association of Realtors. In Dallas-Fort Worth, the sales volume of luxury homes was second highest in the state and grew 15 percent year-over-year. Dallas was a runner up to Houston, which had the highest volume of luxury home sales as well as the highest luxury home price growth.

The overall inventory of luxury homes in Dallas-Fort Worth shrank by 1.2 months in 2014, a trend that was seen across the market in North Texas, and luxury home sales represented only 1.2 percent of the market. Compare that to Houston, in which luxury home sales represented 2 percent of the market and were up 13 percent year-over-year.

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Museum Tower Announces Three Showcase Residence Designers: All In The Family

Does this face look familiar? It’s Caroline Summers, who works closely with Ellen Terry and who may very well end up selling some of the Museum Tower residences her mother, Emily Summers, will design. She’s already got a Greenway Parks listing, which we posted a few weeks ago, under contract.

This post is a little late today because of all the broker news going on which delayed the House Porn! In honor of the merger of Ellen Terry Realtors  and Dave Perry-Miller & Associates, I fell in love with a fabulous listing by Caroline Summers. Caroline was Ellen’s client when Ellen sold a gorgeous, sleek home Caroline built and designed in my ‘hood at 6400 Northaven. Now she works for her! And good taste runs in Caroline’s genes: her mother is designer extraordinaire Emily Summers, who is a member of the AD (as in Architectural Digest) 100.

5362 Wenonah is a cool and sophisticated California soft contemporary, plopped on one of  Greenway’s leafiest 110 by 145 deep lots backing to the greenbelt. I have always coveted living on a Greenway Parks greenbelt. In fact, I wish we could clone Greenway. This home, like most over there, was built in 1948 but all 4296 square feet have been carefully, tastefully updated. Glass entry doors lead you to the dining room, pool and the greenbelt beyond. A light-filled gallery with multiple sets of doors showcases the sparkling pool, a wisteria-covered outdoor living area,  custom designed limestone fireplace. The sleek living room has a stone fireplace, shelving and dark-stained hardwoods. Master is down, with vaulted ceilings and high windows. Then there is the master bath retreat: Oh. My. God! Cabinets, half the Hill Country’s limestone, soaking tub, double walk-in shower and spacious walk-in closets. The kitchen  — who cares? I’ll never leave that bathroom. Well, there IS a kitchen for you to walk into when not in the tub. Stainless steel appliances,  granite countertops, great center island, and breakfast room overlooking the pool. Three oversized bedrooms upstairs, two tastefully updated baths: the house has four bedrooms total and three and a half baths. Pool and patio area have scored concrete, great landcsaped yard, privacy courtesy ofl lush savannah hollies provide privacy.

This house is kind of AC/DC: it can be sleekly modern, or throw in the most traditional furniture (thinking Ann Schooler) you can find and everything works, ‘Course. I’d just negotiate with the sellers for as many of those existing furnishings as you can. Save them a movig van! Throw in a Duxiana, and you’ve got a deal! Asking $1,749,000.