Home | Newsletter | Advertise
loading...

17% of DC Homes Sold in 2019 Were All-Cash Sales

  • January 3, 2020

by UrbanTurf Staff

A West End condo that sold last year.

The percentage of cash home sales in DC in 2019 dropped slightly compared to previous years.

8,490 homes sold in the District through the first 11 months of 2019 — and 17 percent of those homes went to buyers paying all cash. This percentage is down from the three previous years in DC where approximately one in five homes sold did so in all-cash transactions. 

The all-cash neighborhoods in DC are also largely the priciest with four of the top five coming in neighborhoods where the median home price exceeds $1 million. 

However, it wasn't just the city's high-priced neighborhoods where cash was king. In Randle Heights east of the Anacostia River, 29 percent of homes purchased fell into the all-cash category. 

Below is a sampling of DC neighborhoods and the percentage of all-cash transactions so far this year:

  • West End: 39 percent
  • Kent: 38 percent
  • Georgetown: 32 percent
  • Spring Valley: 32 percent
  • Randle Heights: 29 percent

In this article, the term “home” is defined as any single-family house, condo or co-op that sold in the city in 2019. 

See other articles related to: cash sales in dc, all-cash sales

This article originally published at http://dc.urbanturf.com/articles/blog/17-of-dc-homes-sold-in-2019-were-all-cash-sales/16294

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse