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Houston’s Most Expensive Home and Average Sales Price of Top 25 Neighborhoods to Buy a House

Houston's Most Expensive HomeChateau Carnarvon, Houston’s most expensive home ever, is located in the Memorial area, which is the city’s most expensive neighborhood to buy a house, according to the Houston Association of Realtors.

The $43 million Chateau Carnarvon features eight bedrooms, seven bathrooms, two kitchens, a reception hall, music room, sun room, butler’s pantry and other lavishly-appointed rooms.

The two-story mansion, which boasts more than 27,000 square feet of living space, is located in the Memorial area, one of Houston’s wealthiest areas, according to Houston Business Journal’s Wealthiest ZIP Codes List.

As it turns out, the Memorial neighborhood is also the Bayou City’s most expensive submarket to buy a house, according to new data from the Houston Association of Realtors.

The professional real estate organization analyzed multiple listing service data for 157 submarkets in the greater Houston area and ranked them by their average sales price between September 2013 and August 2014.

The average sales price of a home in the close-in Memorial area was $2.5 million, according to the association. Closing prices there increased nearly 78 percent from the previous year (September 2012 to August 2013).

Here are the top 25 most expensive neighborhoods to buy a house in Houston, according to the Houston Association of Realtors:

Memorial close in: $2,490,818 average home sales price (78 percent increase from previous year)
River Oaks: $2,383,422 (+36 percent)
Tanglewood: $1,748,107 (+13 percent)
Memorial Villages: $1,548,345 (+14 percent)
Memorial Park: $1,387,524 (+8 percent)
West University/Southside: $1,186,692 (+19 percent)
Bellaire: $856,692 (+10 percent)
Royden Oaks/Afton Oak s: $841,819 (+7 percent)
Rice/Museum District: $831,131 (-4 percent)
Braeswood Place: $815,764 (+21 percent)
Charnwood/Briarbend: $880,419 (+31 percent)
Westchase: $787,084 (+10 percent)
Upper Kirby: $787,084 (+5 percent)
Highland Village/Midlane: $778,342 (+2 percent)
Briargrove: $772,943 (+6 percent)
River Oaks shopping area: $765,402 (+21 percent)
Memorial West: $752,617 (+17 percent)
Galleria: $657,398 (+7 percent)
Montrose: $611,566 (+23 percent)
Rice Military/Washington Corrido r: $478,037 (+17 percent)
Sugar Land South: $474,063 (+18 percent)
Heights/Greater Heights: $473,803 (+16 percent)
The Woodlands: $452,866 (+10 percent)
Meyerland: $450,481 (+18 percent)
Knollwood/Woodside:$450,473 (+15 percent)