What's Hot: Barnes and Noble Returns To Georgetown Next Week | How An Unmarried Couple Buys A Home Together
17% of DC Homes Sold in 2019 Were All-Cash Sales
✉️ Want to forward this article? Click here.
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.
story continues below
loading...story continues above
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: all-cash sales, cash sales in dc
This article originally published at https://dc.urbanturf.com/articles/blog/17-of-dc-homes-sold-in-2019-were-all-cash-sales/16294.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
Estate taxes, also known as inheritance taxes or death duties, are taxes imposed on t... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
The map and text amendment applications that were filed with the Commission last Octo... read »
- How An Unmarried Couple Buys a Home Together
- What Are Estate Taxes and How Do They Work?
- The Cliffs in McLean Sells For $25.5 Million, Highest Home Sale In DC Area In Years
- 110-Unit Condo Project Planned in Alexandria Coming Into Focus
- The Zones That Could Lead To More Development in Chevy Chase Set To Go Before Zoning Commission
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