Home | Newsletter | Advertise
loading...

DC’s All-Cash Zip Code

  • November 23, 2015

by UrbanTurf Staff

DC's All-Cash Zip Code: Figure 1
The living room of a unit on the market in 20037.

A new report reveals that about one of every two home sales in the DC zip code that includes West End and portions of Foggy Bottom was an all-cash transaction in 2015.

Specifically, 47 percent of the sales in 20037 this year have been all-cash deals, which amounts to 96 transactions. The total sales volume for the zip code was just north of $155 million, and the average days on market for the zip code fell just over 30 percent since last year. Following 20037 with the highest volume of cash transactions are zip codes that encompass Silver Spring and Hyattsville, as well as those that include Congress Heights and Georgetown.

DC's All-Cash Zip Code: Figure 2
20037

As is typically the case, the high volume of cash transactions are seen in expensive neighborhoods in the region where buyers do not require conventional financing, and neighborhoods that are in the crosshairs of investors who are swooping in and paying cash for inexpensive homes.

This article originally published at http://dc.urbanturf.com/articles/blog/west_end_foggy_bottom_were_all-cash_sales_in_201/10618

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