What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
1 in 4 Homes Sold in DC This Year Fetched Over $1 Million
Approximately one in four homes sold in DC so far this year fetched $1 million or above, an analysis by UrbanTurf found. That is the highest proportion of home sales above $1 million for a quarter on record in the city.
Specifically, 747 of the 3,105 homes sold in DC between January and the end of April sold for at least $1 million. The first four months also saw the highest volume of home sales above $2.5 million (93 sales) for a four-month period in the city.
story continues below
loading...story continues above
In certain neighborhoods, the proportion of million-dollar sales was much higher than 25%. For example, in Georgetown and Chevy Chase DC, more than 60% of sales came in above $1 million. In Spring Valley, only one home has sold this year that did not reach the million-dollar mark.
Next week, Bright MLS will release its report on the DC region's housing market in May which will reveal how much high prices and rising interest rates are affecting homebuyers.
Similar Posts:
- $11 Million and Change: The DC Area's 3 Biggest Home Sales in 2022
- 84 Showings, 16 Offers, $740,000 Above Asking
See other articles related to: dc housing market, dc housing market trends, million dollar homes, million-dollar homes dc
This article originally published at https://dc.urbanturf.com/articles/blog/1-in-4-homes-sold-in-dc-this-year-fetched-over-1-million/19748.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
- The 4 Projects In The Works Near DC's Starburst Intersection
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro