Fortunately, my property was in mint condition and had plenty of interest. I even had two competing bids - which was like a miracle. But, because of no parking, BOTH offers both started about 20% below my asking price - which goes to show you that TODAY'S BUYER uses the lack of parking as a sledgehammer, since they know sellers have few candidates.
This was a 4BR+ home, and I'd say parking cut out about 30% of my potential market (since that 30% would not consider a home without parking). Therefore, any remaining buyers used lack of parking as a big negotiating factor. After all, I can't do anything about it except lower the price!
The price of the home does not always reflect the parking spot, as so many other factors go into a sales price. Our team, the Eng Garcia Group, would be happy to assist you in finding properties in the dupont circle area or other great neighborhoods of DC. Check out our website at http://www.enggarcia.com or call us at 301-518-2922. I look forward to hearing from you soon. Holly Utt
On average a garage parking space adds about $35K to the sale price of the house in the Dupont circle neighborhood. This is figured into the sale price if it conveys or is offered seperately if not.