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In D.C., home sales over $2.5M increased 71 percent since 2016

Nearly half of the sales were in two neighborhoods

By Michelle Goldchain
This historic Southwest Waterfront single-family home is on the market for $2.5 million.
Photo courtesy of Coldwell Banker Residential Brokerage

In April 2015, Curbed DC reported that nearly one in five homes for sale in Washington, D.C., cost more than $1 million. This data came from the D.C. Chief Financial Officer, who further reported that the number of multi-million dollar homes rose by 50 percent from 2012 to 2013. In 2014, 18.2 percent of all home sales were above $1 million.

More recently, UrbanTurf reported new findings on luxury home sales in the District. According to their data, home sales above $2.5 million increased 71 percent in 2017 compared to the first two quarters in 2016. Nearly half of the sales were located in Georgetown and Spring Valley.

For sales above $5 million, there has also been an increase by 140 percent during that same time frame, according to UrbanTurf.

See which homes have sold the highest this year by checking out this Curbed DC article.

• $2.5 Million and Up: Luxury Home Sales in DC Rise 71% in 2017 [UrbanTurf]

• D.C.'s $1M Home Sales Jumped 50 percent in Two Years [Curbed DC]

• D.C.'s most expensive homes sold in 2017 [Curbed DC]

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