Tagged : dc reo 
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DC Condo Foreclosure Roundup
Friday, February 12th, 2010 at 6:22pm. 594 Views, 0 Comments.
The inventory of DC condo foreclosures is a bit light right now, but there are a couple of interesting options on the market in newer upscale developments.
Alta at Thomas Circle - 1133 14th St NW #403. 1 BR/ 1BA. Asking price of $245,000 / $432 SF. This asking price of $432 SF does represent an 18.7% discount off an Alta foreclosure unit that sold on 01/22/10 for $532 SF. This asking price is a slight premium over a short sale listing that is now under agreement with an asking price of $422 SF.
Lofts 11 - 1125 11th St NW #101 in Logan Circle. 2BR / 2BA. Asking price of $639,900 / $449 SF. This asking price represents a 10.7% discount off the other units for sale with an average asking price of $504 SF
Rhapsody - 2120 Vermont Ave NW #22 in…
DC Condo Foreclosure Round-up
Tuesday, December 8th, 2009 at 1:38pm. 356 Views, 1 Comments.
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…
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