The upscale Georgetown real estate market continued to show significant strength in 2012 with 208 closed residential transactions. The total value of the 2012 Georgetown residential transactions was $278.5M, down from 292.8M in 2011. The average sales price in 2012 in Georgetown was $1,339,336 and on average property sold for 95% of asking price. The average days on the market for Georgetown listings was 57 days in 2012, down from 76 in 2011. It is important to note that a single transaction in 2011 for $22M impacted average selling price and total volume.
Here is a summary of key metrics for the Georgetown market in 2012 vs. 2011:
The most expensive property to sell in Georgetown in 2011 was the Halcyon House, a historically designated mansion