Homes that sell for $2M+ represent the one percent most expensive in Montgomery County. To provide context for the metro DC region, just under 30% of $2M+ sales occur in Montgomery County. About 90% of these sales are grand estate homes and 10% are luxury condominiums. Condos are poised to take a bigger slice of the luxury market as new high-end condo buildings are developed in Bethesda, Potomac and Chevy Chase. Northern Virginia's market is slightly larger than Montgomery County's; and Washington DC is the leader in the region with 40% of the market. Washington DC sales of $2M+ properties are a mix of single family, townhomes and condominiums.