Trump Cabinet A Boon to Washington, D.C.’s Luxury Market
Posted by Daryl Judy on Monday, September 11, 2023 at 5:19:17 PM
By Daryl Judy / September 11, 2023
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A new report has shed light on what many have speculated since President Donald Trump took office: that the apparently wealthiest cabinet in history will boost the luxury property market in and around the nation’s capital.
The average price of luxury homes in Washington, D.C., surged 32.6% to $2.7 million in the first quarter, as a result of several deals by new cabinet members, according to Redfin’s luxury market report published Thursday. Redfin defines luxury homes as the top 5% most expensive homes in the city.
🏢 Daryl Judy – Associate Broker, Washington Fine Properties
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