The number of homes sold OVER$5 Million in DC in 2022
AViewFrom Washington,DC
Despite interest rate hikes,demand for luxury homes continues as people spend more time at home
In Washington,DC the luxury market was strong in 2022,with steady growth,as the trends in this report explore
Washington showed steady but tempered growth during the coarse of the pandemic setting us up in far better position than many other markets as we head into 2023
Recent Market Movers
2022 saw continued growth in the Luxury marketplace In Washington,there were 3 sales over $10 million,the highest was the sale of the Crawford-Cassin House in Georgetown
2022 also saw the highest Condo sale ever recorded in Washington The sale being a penthouse at The Ritz Carlton in Georgetown,for $11,000,000
MICHAEL RANKIN
Managing Partner
TTRSothebys International Realty 202 2713344 | michael rankin@sothebysrealty com
In a market where the average sales price in 2022 was $862,392,Washington saw 40 sales of $5 million and above That number is greater than the year prior,and more than 30% greater than the number of sales recorded in 2019,and 2020 combined *BothsalesmentionedabovewererepresentedbyMichaelRankinand TTRSotheby'sInternationalRealty
Luxury Outlook 2023 PG#
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ARCHITECTURAL MASTERPIECE Washington,DC Offer Price | $10,500,000
