DC Condo Foreclosure Round-up
Posted by Mark Washburn on Tuesday, December 8th, 2009 at 1:38pm.
Foreclosures are bank-owned properties, which are often (but not always) priced at a discount to competing listings and can offer significant savings to a savvy buyer. Banks are not in business to own homes and condos and are generally very motivated to sell their foreclosed assets.
Foreclosures have not impacted the DC Condo market like they have in other markets like Las Vegas, Miami and Phoenix. In the District, our developers are primarily building on infill parcels with both and infrastructure like the Metro are already in place. This is in contrast to markets like Las Vegas and Phoenix where developers are pushing outward to create new neighborhoods where land is cheap but little infrastructure is already in-place. The steady and diversified economy here in DC has also helped to limit the numbers of foreclosures impacting our market.
In terms of what DC condo foreclosures are currently available for sale, at the upper end of the market there is a penthouse loft foreclosure available for $899.9K at Murano - A Robertson Development project in the U Street Corridor. In Logan Circle, a Lofts 11 2BR / 2BA unit is available for $639.9K. At the lower-end of the market in Cleveland Park, a 1BR / 1BA foerclosure at Wilshire Park is listed at $250K.
Here is a resource to view active DC condo foreclosures. This resource is updated daily and includes property tax and condo fee information as well.
Blog Tags
Print
Share2 Responses to "DC Condo Foreclosure Round-up"
Thanks for sharing such an insightful article on foreclosures. We know that many are experiencing this and we hope that there will be a good solution for that.
Posted on Thursday, October 7th, 2010 at 3:26am.
Leave a Comment
- Featured Properties
- Recent Blog Posts
-
The Matrix: Cool Logan Condos in a Former Car Dealership
In the first half of the 20th century before World War II, Washingtonians ventured over to 14th Street in Log... Read MoreChurch Street DC Two Bedroom Lofts
There are not many condo options more sought after than a two bedroom loft on the 1400 block of Church Street... Read MoreThe Northumberland - Dupont Best Addresses Building
The Northumberland, located at 2039 New Hampshire Avenue NW in the Dupont Circle neighborhood, is featured in... Read MoreResidences of Terrell Place - Boutique Penn Quarter Living
Manhattan urban chic invades the corner of 7th St and E St in the Penn Quarter at the Residences of Terrell P... Read MoreHillandale: Suburban Lifestyle with a City Address
Located on the northern edge of Georgetown University campus, Hillandale offers a true suburban lifestyle t... Read More1441 Rhode Island - Logan Circle Gem
Located along the tree-lined 1400 block of Rhode Island Avenue in the heart of Logan Circle, 1441 Rhode Isl... Read MoreTrending DC Real Estate Searches
Its snowing out and lots of fellow Washingtonians are home today participating in one of our cities favorite hobbie... Read MoreTop DC Condo Sales - December 2011
The most expensive condo to sell in the District during December 2011 was in the West End at 22 West, located... Read MoreGeorgetown South of M Street - Condo Picks
While the section of Georgetown south of M Street doesn't garner the notoriety of Georgetown's East Village... Read MoreDC Tops Nation for Inbound Migration
In a study recently released by Atlas Van Lines, Washington, DC led the nation for inbound migration for th... Read More
[...]Links
DC Condo Foreclosure Round-up
Blog Tags
[...]
Posted on Friday, February 12th, 2010 at 6:22pm.