Home | Newsletter | Advertise
loading...

Foggy Bottom, Cathedral Heights: Where the Deals Are

  • December 8th 2009

by Mark Wellborn

✉️ Want to forward this article? Click here.

Who knew that Foggy Bottom was overflowing with good deals? Online real estate agency Redfin has posted a list of DC and (close-in) Maryland neighborhoods with the highest percentage of price reductions on residential properties last month. In a bit of a surprise, Foggy Bottom led the way with reductions on 70 percent of the area’s listings. Northeast’s Deanwood and neighboring Grant Park, Lincoln Heights, and Fairmont Heights (Maryland) were second, with 63 percent. Cathedral Heights was third for DC neighborhoods, with 56.5 percent.

Here is a look at the rest of the top ten. 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.

Foggy Bottom, Cathedral Heights: Where the Deals Are: Figure 1

Redfin also calculated which neighborhoods had the lowest percentage of price reductions in the area. The DC neighborhoods where prices aren’t budging that much include Capitol Hill (23.7 percent of listing prices reduced), Hill East (27.8 percent), LeDroit Park (28.8 percent), and Friendship Heights/Tenleytown (30 percent).

Similar Posts:

This article originally published at https://dc.urbanturf.com/articles/blog/foggy_bottom_cathedral_heights_where_the_deals_are/1584.

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

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