CHAMPAGNE WISHES & CAVIAR DREAMS: Houston's most expensive homes in 2016

HOUSTON (KTRK) -- Hold on to your wallets -- the Houston Association of Realtors has released its annual list of highest-selling homes in the Houston area.

Not surprisingly, homes in River Oaks, The Woodlands and Memorial dominated the 2016 list, which is ranked from highest to lowest sale price:

  1. 527 Buckingham Dr., Houston, TX 77024
  2. 3688 Willowick Rd., Houston, TX 77019
  3. 88 Grand Regency Cir., The Woodlands, TX 77382
  4. 15 Grand Regency Cir., The Woodlands, TX 77382
  5. 3311 Del Monte, Houston, TX 77019
  6. 5442 Tupper Lake Dr., Houston, TX 77056
  7. 59 Tiel Way, Houston, TX 77019
  8. 3744 Willowick Rd., Houston, TX 77019
  9. 2 E. Rivercrest Dr., Houston, TX 77042
  10. 3725 Del Monte Dr., Houston, TX 77019

HAR says that 2016 came to a close with record performance, even though declining oil prices were a cause for concern for many in the area. After a tough 14 months, homes priced $500,000 and higher enjoyed particularly strong performance during the final two months of the year.

VIDEO: Closer look inside 2016's three priciest homes
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Take a look inside the priciest homes to sell in the Houston area in 2016.

According to the association, 1.8 percent of all homes sold in the Houston area last year were priced above $1 million.

"It took most of 2016 to restore vitality to the upper end of the Houston real estate market, but we got there, and I believe that is the direct result of a truly diversified local economy," HAR chair Cindy Hamann said in a news release. "Even as energy jobs went away, other industries continued to hire and that has drawn home buyers and renters to our market."

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