Real Estate
[Cash Buyers] Top 10 Neighborhoods in Del Ray
See the latest rankings of the Del Ray neighborhoods with the most cash buyers in the past year. Is your neighborhood on the list?
What do cash buyers mean for your neighborhood? Neighborhoods with a high percentage of cash buyers can mean that investors are fixing and flipping homes, which can increase home values overall. In condo communities, a high percentage of cash buyers may mean these are good buy and hold investment properties, where the rent versus purchase price is attractive to investors. In the past year, 285 properties have sold in Del Ray ranging from a 0-bed, 1-bath condo for $185,000 to a 6-bed, 3.5-bath detached for $1,855,000. Approximately 12% of these homes were purchased with cash. The median sold price was $750,000.
Top 10 Del Ray Neighborhoods for Cash Buyers
In the past 12 months, a total of 34 homes sold in Del Ray for cash with a median sold price of $654K. These were the most popular Del Ray neighborhoods for cash buyers.
| Neighborhood | Type | Cash Sales | % Cash | Sold (Med) |
| Del Ray | Detached | 11 | 13% | $661,500 |
| Potomac Yard | Townhouse | 5 | 10% | $779,000 |
| Rosemont Park | Detached | 3 | 14% | $1,039,000 |
| Rosemont | Detached | 3 | 8% | $489,000 |
| Alexandria Square | Condo | 2 | 50% | $220,000 |
| Abingdon | Detached | 1 | 33% | $500,000 |
| George Washington Park | Detached | 1 | 17% | $825,000 |
| Cottage Park | Detached | 1 | 25% | $689,000 |
| Braddock | Townhouse | 1 | 50% | $425,000 |
| Del Ray Place | Condo | 1 | 17% | $359,990 |
Del Ray Cash Sales by Property Type
In the past 12 months, a total of 13 detached homes, 11 townhomes, and 6 condos sold in Del Ray for cash. This was the breakdown by property type and bedrooms.
Find out what's happening in Del Rayfor free with the latest updates from Patch.
| Type | 1 BR | 2 BR | 3 BR | 4+ BR | Sold (Med) |
| Detached | 0 | 3 | 3 | 7 | $825,000 |
| Townhouse | 0 | 5 | 4 | 2 | $621,500 |
| Condo | 3 | 1 | 2 | 0 | $329,000 |
| Sold (MED) | $230,000 | $590,000 | $738,900 | $975,000 | $654,250 |
Peggy Yee is a supervising broker at Frankly Realtors and is one of Northern Virginia Magazine's Top Realtors in 2015-2019. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com.
Find out what's happening in Del Rayfor free with the latest updates from Patch.
Information based on BrightMLS data and deemed reliable but not guaranteed.
