Washington DC Luxury Stats
| Average Price | $935K |
|---|---|
| Lowest Price | $100K |
| Highest Price | $60M |
| Total Listings | 16,151 |
| Avg. Price/SQFT | $768 |
Property Types (active listings)
Washington DC Luxury Real Estate
More About Washington DC Luxury Real Estate
Rarely will you find an area with a wider range of upscale properties, both in style and age. You can stroll along quaint brick sidewalks in desirable historic districts like Dupont Circle, Georgetown, and Kalorama and gaze at incredible rowhouses and grand old buildings topped by spires and turrets.
You can live in full-service penthouse splendor in downtown DC neighborhoods like the West End, Foggy Bottom, and Mount Vernon Triangle, or choose a somewhat quieter luxury lifestyle in leafy enclaves like Chevy Chase, Forest Hills, and Spring Valley where both older traditional and newer modernist architecture is framed by pristine lawns and white picket fences. In other words, the choices are endless.
There are many factors to consider before selecting luxury real estate in the Washington, DC area. Location certainly looms large on the menu. There are approximately 131 neighborhoods in the District, and many have homes that can be considered luxurious in some shape or fashion. However, the DC Luxury Collection focuses more closely on the upper echelon of communities within DC itself, with carefully curated criteria that reflects the most desirable residential factors. This includes real estate above a certain price point, neighborhoods that are reasonably accessible for commuters, condominiums buildings that are both popular and rich in amenities, and other factors that play into the livability of a community.
Some buyers absolutely want a detached house with a yard, and a proximity to parks and good schools. Others feel the need to be close to the excitement of urban corridors and love the convenience of condominium living. And then there are the aficionados of architecture, a factor that plays well in Washington with its astonishing variety of noteworthy designs from old to new. And while location and home type are important, what lies within four walls is also vitally important. Washingtonians love their remodeled and renovated interiors, with oversized windows, open and airy floorplans, and gourmet kitchens with all the bells and whistles that allow culinary creativity to thrive.
To learn more about luxury real estate in Washington, DC, call Andre Perez at District Partners at Compass, 202-798-3600.
Curious About Luxury Homes In Washington, DC? Contact Andre Today.
Get in touchWashington, District of Columbia Real Estate FAQ’s
Q: Exactly what is Washington, DC, a city or a state?
A: Under the U.S. Constitution, Washington, DC is comprised of capital city and a federal district under the jurisdiction of Congress. On the other hand, it has a mayor much like a city, yet operates much like a state without certain privileges afforded to the actual 50 states. Washington, DC residents have long sought their own statehood.
Q: How is Washington, DC different from Washington Metro?
A: The District of Columbia covers some 68 square miles and has a population of approximately 700,000 residents. There are eight wards, with 131 neighborhoods divided among those wards. Washington Metro includes not only DC, but also two counties in neighboring Maryland (Montgomery and Prince Georges) as well as parts of Virginia including Arlington and Fairfax Counties, and the cities of Alexandria and Falls Church.
Q: What portion of real estate within the District of Columbia would be considered “luxury?”
A: That is a very subjective observation. But the DC Luxury Collection website typically looks at the top 10 percent of market inventory. That said, we include a larger slice of DC neighborhoods (roughly 20 percent) as there are many highly popular communities with upscale homes within the District.
Q: Are all forms of housing in Washington, DC included in the luxury criteria?
A: The DC Luxury Collection includes high-end properties that can be bought and sold, such as houses, townhomes, and condominiums. Additionally, we include some cooperative buildings. Co-op ownership differs from condo ownership, in that a buyer purchases shares in the common property along with lease rights to a particular unit.
