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DC Neighborhoods with Most Price Reductions

by Mark Wellborn

DC Neighborhoods with Most Price Reductions

Online real estate agency Redfin has posted the list of DC and Baltimore neighborhoods that saw the highest percentage of price reductions in February. The chart includes MLS, FSBO and REO listings where the price was reduced at some point before leaving the market (either sold or removed) in the past 90 days. The DC proper neighborhoods leading the way were Trinidad and Ivy City with reductions on approximately 70 percent of the listings.

Here is a look at the rest of the top ten. (Note: Redfin included Baltimore neighborhoods in this analysis, and you will see that the list is dominated by the city’s zip codes.)

DC Neighborhoods with Most Price Reductions: Figure 1

From Redfin: “Of the 130 neighborhoods we ranked in the DC area this month, 60 (46%) had a price-reduced ratio of fifty percent or more. On the neighborhood level, slightly more of the top ten list remained the same, with Hampden taking the top spot two months in a row.”

This article originally published at http://dc.urbanturf.com/articles/blog/dc_neighborhoods_with_most_price_reductions/567

3 Comments

  1. Jason said at 5:31 pm on Monday February 23, 2009:
    uhhh...how did you not notice half the neighborhoods listed on "DC Area Neighborhoods" are from Baltimore...Baltimore and DC are two very different markets
  1. Mark Wellborn said at 7:32 pm on Monday February 23, 2009:
    Hey Jason, We indicated in the first paragraph that these were neighborhoods from DC and Baltimore. Mark
  1. dippen said at 8:32 pm on Monday February 23, 2009:
    do you have the list of top ten from DC alone? i find it suprising that DC and Baltimore are bundled together. interesting article

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