D.C. charts record year for $1M-plus housing sales

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 WTOP.

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).

Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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