WASHINGTON — Here’s how expensive the District’s housing market has become: Nearly one in eight sales in 2015 were sales that closed at $1 million or more.
That is the highest percentage — 12.3 percent — of seven-figure sales in the District on record.
“It was a banner year in terms of million-dollar-plus listings coming on the market, and sales quickly followed to meet market demand,” John Heithaus at RealEstate Business Intelligence Inc. tells ²ÝÝ®´«Ã½.
Listing service MRIS says 7,956 residential properties in the District sold in 2015, with 875 of those sales between priced between $1 million and $2.5 million. Another 89 properties sold for between $2.5 million and $5 million, and there were 16 residential sales in the District last year that topped $5 million.
The top ZIP codes for seven-figure sales in the District last year were 20008 (Kalorama, Woodley Park and Cleveland Park), 20015 (Friendship Heights and Chevy Chase, D.C.) and 20007 (Georgetown).
