Woodley Park

Forbes released its list of the 100 most expensive zip codes for single-family homes and 20008 was ranked #48 in the country and tops in the DC area.  The 20008 zip code includes the pricey DC neighborhoods of Kalorama and Massachusetts Avenue Heights as well as Cleveland Park and Woodley Park.

Per the Forbes report, the median listing price of a home in 20008 was $2.27M and the average days on market was 161. The time frame for this listing data was June 28, 2012 - September 28, 2012 and only utilized data for homes, not condos. 

If you are interested in learning more about real estate in the 20008 zip code, here is a resource to view active 20008 real estate listings.

Reader Quiz:  What are the four words that get DC condo buyers the most excited

Answer: If you guessed new construction, price reduction you would be correct!

When a new condo development is nearing completion, most developers are looking to wrap the project up and move on the the next one.  Often buyers can get a deal on a discounted unit at this point in the development cycle.

Three new construction units at the Woodley Wardman in Woodley Park were just reduced in price by the developer.  If you previously looked at the Woodley Wardman, but didn't pull the trigger on a purchase…..now may be a good time to take another look.

The specifics on the three units with price reductions are as follows:

If you are interested in learning more about

The Woodley Wardman development in Woodley Park has released four Christian Zaptka-designed penthouse residences that are now available for sale.  The Woodley Wardman was recognized by national real estate advisory firm Delta Associates as the "best boutique condominium project in the Mid-Atlantic Region in 2011."

The Woodley Wardman project successfully fuses four historic Wardman-era brick row houses fronting Connecticut Avenue with a new seven-story structure.  The penthouse units are located in the new tower and offer awe-inspiring views of the DC skyline including the National Cathedral and Rock Creek Park.

The Woodman Wardman has been overwhelmingly well received by clients that we have toured the project with.  The quality of the finishes

DC Condo Boutique team member Donna Mank represented the seller of a Woodley Park Place penthouse condo located at 2801 Connecticut Avenue #9 in DC's Woodley Park neighborhood.  The unit featured 2 BR / 2.5 BA / 1,329 SF and a garage parking space.  This sale closed on March 2nd, 2012 for $769,000 / $579 SF.

Woodley Park Place is a PN Hoffman developed building  offering interesting floor plans, private outdoor spaces and garage parking and is a short walk from the Woodley Park Metro.

Combine the convenience of DC's Woodley Park neighborhood with excellence of developer PN Hoffman and the result is the Woodley Park Place Condominiums. Located in the 2800 block of Connecticut Avenue, Woodley Park Place is a very desirable Washington, DC address.

In 1998, PN Hoffman renovated and connected four circa 1918 run down row houses which they integrated with a new structure to create the Woodley Park Place project. PN Hoffman seamlessly combined two different architectural styles along Connecticut Avenue into a single cohesive and eye-catching development.

With just 35 units, Woodley Park Place offers an intimate condo environment which includes a peaceful shared interior courtyard. Residents enjoy access the the Woodley

If you have previously taken a look at the Woodley Wardman, a new construction project on Connecticut Avenue in Woodley Park.....with the recent developer price reductions…..it just might be time to take a second peek. 

Inventory has been moving steadily at this project and the developer's inventory is down to just 13 units including three penthouse residences and nine tower flats.  Time is of the essence If you are looking for a 1BR unit as only one is remaining.

Units with recent price cuts include #103 which is a 2 BR / 2 BA corner unit with 1,106 SF that was recently reduced from $649,900 to $549,900 and #204 which is a 2 BR / 2 BA with 1,204 SF and a courtyard view that was recently reduced from $749,900 to $699,900. 

Here is a resource to

The Woodley Wardman development on Connecticut Avenue continues to attract significant buyer interest and is one of the most visited pages on our website. Currently there are seven units at Woodley Wardman listed in our MLS ranging in price from $275,00 for a studio with $435 SF to $1.45M for a two-level 1,647 SF penthouse unit.

Buyers that our team have brought to Woodley Wardman have been awed by the quality of the finishes and the luxury feel of the project. One of the questions we are routinely asked is how have the sales to date been in the project? As of June 30th 2011, eleven units have been recorded as sold in our MLS with an average selling price of $587 / SF. Seller subsidies have played in important role in six of these eleven transactions.