DC Neighborhoods with Most Price Reductions
Online real estate agency Redfin has posted the list of DC and Baltimore neighborhoods that saw the highest percentage of price reductions in February. The chart includes MLS, FSBO and REO listings where the price was reduced at some point before leaving the market (either sold or removed) in the past 90 days. The DC proper neighborhoods leading the way were Trinidad and Ivy City with reductions on approximately 70 percent of the listings.
Here is a look at the rest of the top ten. (Note: Redfin included Baltimore neighborhoods in this analysis, and you will see that the list is dominated by the city’s zip codes.)
From Redfin: “Of the 130 neighborhoods we ranked in the DC area this month, 60 (46%) had a price-reduced ratio of fifty percent or more. On the neighborhood level, slightly more of the top ten list remained the same, with Hampden taking the top spot two months in a row.”
This article originally published at https://dc.urbanturf.com/articles/blog/dc_neighborhoods_with_most_price_reductions/567.
Most Popular... This Week • Last 30 Days • Ever
As plans for a street reconfiguration at the intersection of New York and Florida Ave... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
On Wednesday, Airbnb launched the Icons Collection, approximately a dozen "one-of-a-k... read »
Plans for another residential project in downtown Bethesda are moving forward.... read »
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro