What’s going on with luxury home pricing in DC?
Taking million-dollar sales for example, you know houses that sold for more than a million dollars…comparing the sales numbers in 2019 with the past year’s sales there was a 5% growth in that market, the size of a house for over a million dollars got smaller by 2%, and the number of bedrooms you get for a million or more shrank 2.5% to an average of 3.9 bedrooms.
And the average absolute sales price for these houses jumped 12% in the past four years to averaging $1.7M in Washington.
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