Home | Newsletter | Advertise
loading...

20% of Homes Sold in DC in 2018 Were All-Cash Purchases

  • January 4, 2019

by UrbanTurf Staff

Homes on 22nd Street in West End.

The percentage of cash home sales in DC in 2018 remained consistent with previous years. 

8,328 homes sold in the District in 2018 — and 20 percent of those homes went to buyers paying all cash, a percentage virtually identical to 2016 and 2017. Neighborhoods like West End saw more than half of home purchases made in cash while in Georgetown, where the sales volume is much higher, 30 percent of home purchases were all-cash transactions.

It wasn't just the city's high-priced neighborhoods where cash was king. In Congress Heights, 27.6 percent of homes were purchased with cash; 32 percent homes purchased in Randle Heights fell into the all-cash category.

Below is a sampling of neighborhoods and the percentage of all-cash transactions in 2018:

  • Spring Valley: 36 percent
  • Capitol Hill: 20 percent
  • Petworth: 19 percent
  • Anacostia: 18 percent
  • Chevy Chase: 16 percent

In this article, the term “home” is defined as any single-family house, condo or co-op that sold in the city in 2018. 

This article originally published at http://dc.urbanturf.com/articles/blog/20-of-homes-sold-in-dc-in-2018-were-all-cash-purchases/14845

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