1 in 5 Home Sales in DC in 2022 Was All-Cash
About 20% of home sales in the District last year were all-cash transactions.
8,200 homes sold in the city through the first 11 months of 2022 — and 19.7% of those listings went to buyers paying all cash. In recent years, 17-20% of homes sold in all-cash transactions, so the 2022 numbers are in line with annual trends.
The all-cash neighborhoods in DC are 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
Below is a sampling of DC neighborhoods and the percentage of all-cash transactions last year:
- West End: 46 percent
- Georgetown: 36 percent
- Spring Valley: 41 percent
- Kent: 38 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, dc housing market trends
This article originally published at https://dc.urbanturf.com/articles/blog/1_in_5_home_sales_in_dc_in_2022_was_all-cash/20456.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
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