Washignton, D.C. Real Estate: The Basics
Is selling, buying, or investing in Washington D.C. real estate on your radar? Don’t go in uninformed.
Detailed market and property-level data can ensure you’re making the best decision for your pocketbook — today, tomorrow, and years down the road.
The Washington D.C. metro area encompasses more than just the District of Columbia. The market also includes a number of cities and counties in Maryland (Calvert County and Charles County, among others), Virginia (Alexandria, Fairfax, etc.), and West Virginia (Jefferson County).
All in all, the market spans more than 5,500 square miles and is home to over 6 million residents. It’s the sixth-most populated metro market in the entire country.
|Number of properties||2.3 million|
|Total number of foreclosures*||9,474|
|Overall foreclosure rate||0.41% (1 in every 244 housing units)|
|Median Sales Price||$395,000|
|Average Homeownership Tenure||8.20 years|
|Home Flipping Rate||5.9%|
|Gross Flipping Profit||$119,900|
A Look at Detailed Washignton, D.C. Property Data
Having a good grasp on market-level data is the right start, but to make the smartest buying, selling, or investing decision, you need more detailed data as well as comprehensive property reports.
Are you considering a real estate transaction in the Washington D.C. area? Then make sure you have this property data on your side first:
- Sales and ownership records
- Tax and assessor data
- Foreclosure, judgment and lien history
- Mortgage loan data (balances, lenders, etc.)
- Recorder, deed, and zoning data
- Property valuations
- Property characteristics (lot size, square footage, features, amenities, construction materials)
- Geocodes and coordinates data