$2 Million and Up: Luxury Home Sales in DC Rise 24% in 2020

2020 was one of the best years on record for luxury home sales in the District.
An analysis by UrbanTurf, with data provided by Bright MLS, found that 278 homes in DC sold for above $2 million last year, a 24% increase compared to 2019. The number of luxury home sales amounted to about 3 percent of total sales in the city last year, a percentage that is in line with previous years.
story continues below
loading...story continues above
As for where in DC homes are selling for more than $2 million, it is where you might expect. One out of five homes sold in Georgetown fell into this category in 2020 while approximately 25 percent of the homes sold in Spring Valley and Kent sold for above $2 million. As for the neighborhood where you are almost guaranteed to pay this premium, it's Massachusetts Avenue Heights where the average sales price last year was $3.3 million.
Photo courtesy of HomeVisit.
See other articles related to: million-dollar homes dc, luxury real estate dc
This article originally published at http://dc.urbanturf.com/articles/blog/2-million-and-up-luxury-home-sales-in-dc-rise-24-in-2020/17761
Most Popular... This Week • Last 30 Days • Ever

This week’s Best New Listings include a mid-century modern home in Kensington, a bu... read »

UrbanTurf is re-running its primer on property taxes which outlines a few things that... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »

The 11th Street Bridge Park project is progressing through the approval process.... read »

Another 30-day public comment period is currently underway.... read »
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. Visit guides.urbanturf.com or 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