1 in 4 Homes Sold in DC This Year Fetched Over $1 Million
✉️ Want to forward this article? Click here.
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
This article discusses the variety of rental restrictions that may exist in condomini... read »
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
The new project is just the latest affordable development to move forward in DC.... read »
The nearly 12,000 square-foot McLean house of the former Washington Nationals pitcher... read »
The beautiful four-story property, with three renovated units offering more than $200... read »
- Understanding Rental Restrictions in Condominiums
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Stephen Strasburg's McLean Home Sells For $8.55 Million
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
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