1 Out of 5 Home Sales in DC in 2022 Was All-Cash
✉️ Want to forward this article? Click here.
About 20% of home sales in the District so far this year were all-cash transactions.
4,120 homes sold in the city through the first five months of 2022 — and 19 percent of those listings went to buyers paying all cash. In recent years, approximately 17-20% of homes sold in all-cash transactions, so this year's numbers are in line with annual trends.
The all-cash neighborhoods in DC are largely the priciest with three of the top five coming in neighborhoods where the median home price exceeds $1 million.
story continues below
loading...story continues above
Below is a sampling of DC neighborhoods and the percentage of all-cash transactions last year:
- West End: 42 percent
- Georgetown: 37 percent
- Spring Valley: 47 percent
In this article, the term “home” is defined as any single-family house, condo or co-op that sold in the city in 2021.
Photo courtesy of HomeVisit.
See other articles related to: all-cash sales, cash sales in dc
This article originally published at https://dc.urbanturf.com/articles/blog/1-out-of-5-home-sales-in-dc-in-2022-was-all-cash/19850.
Most Popular... This Week • Last 30 Days • Ever
Forest Hills Connection is reporting that the owner of the Days Inn along Connecticut... read »
The 67-room luxury hotel will be located at 3000 M Street NW, the site of the old Lat... read »
On Monday, the listing price for the 30,000 square foot home that was originally buil... read »
The eight-bedroom estate built by Banks Development along Chain Bridge Road will be l... read »
DC's Historic Preservation Review Board looks poised to approve changes for one of th... read »
- A Plan For More Development In Van Ness?
- Jose Andres Group Partners On New Georgetown Hotel
- The Price For Dan Snyder's Former Potomac Home Drops By $5 Million
- DC Home At Site Of Former Cafritz Mansion Set To List For $23.5 Million
- HPO Recommends Approval For Changes To 280-Unit Building At DC's Reservoir District
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