Washington D.C’s New Resident Leaves Neighbours Wanting To Buy Any Luxury Home They Can Get Their Hands On

Mr. Donald J. Trump’s election has sparked a great surge among billionaires and multi-millionaires eager to purchase luxurious homes, often in limited supply, only to secure proximity to the president himself.

Washington, D.C., has become the largest magnet for the richest individuals as Donald Trump becomes a major economic influence on the world, specifically the American nation all eager for a slice of the city’s exclusive real estate market.

” There are a lot of very wealthy people looking for a seat at the table” – Says Jonathon Taylor from Sotheby’s International Realty.

The sudden influx of high-net-wroth buyers has caused an overwhelming real estate market for agents as the luxury property landscape in the city has created a competitive environment where if a home is secured no matter the price tag, it often means getting closer to the power behind of the corridors of Washington D.C politicians.

Another agent from Sotheby’s International Realty explains the overwhelming wealth, quoting, ” We’ve really been overwhelmed by the wealth factor that has come to Washington since the election”, says Vice President Jim Bell.

The surging demand has left real estate agents ever so proactive, with some even having to cold-call past clients who may be sitting on homes that would cater to these affluent buyers, encouraging them to name their price – whatever it may be.

Bret Baier’s Formaly Owned Mansion

Fox News Anchor Bret Baier originally listed his home for $31.9 Million in October 2023 with the price being lowered since and with a recent sale of $25million represented by agent Daniel Heider setting a new record for the highest real estate sale in D.C history rumoured to be sold to Howard Lutnick, CEO of Cantor Fitzgerald and President-elect Donald Trump’s nominee for commerce secretary. The 16,250-square-foot French Chateau-inspired estate equipped with a 56-foot heated pool and other lavish amenities was deeply sought out and a great buy in the city from supposed Howard Lutnick.

Local real estate professionals have been observing the Trump Bump since his first election in 2016. D.C.’s luxury market has been amplified greatly since the COVID-19 pandemic’s onset. As reported by Bright MLS, the medium sale price in the area surged to $2.15 million in the fourth quarter of 2023, a 42% jump from $1.51 million during the same quarter in 2019 within the luxury homes.

This surge has attracted high-profile tech titans such as Amazon founder Jeff Bezos, PayPal co-founder Peter Thiel, and former Google CEO Eric Schmidt, all of whom have recently purchased multimillion-dollar homes in the capital.

The combination of political power and immense wealth has reshaped the D.C. real estate market, making it a prime target for those looking to plant roots close to the nation’s center of influence. As a result, Washington is experiencing an unprecedented boom in luxury real estate transactions, setting new records and transforming the city’s skyline and property dynamics.

Written By: Eva Pocrnja

Published: 29th January 2025 

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