April 2012

Found 6 blog entries for April 2012.

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The most expensive condo to sell in the District during March 2012 was in Georgetown at 3303 Water located at 3303 Water Street, NW #E-6, Washington, DC.   This 2 BR / 2.5 BA / 1,886 SF condo includes two parking spaces.  The selling price was $1.85M / $981 SF, which was 93% of asking price.

Congratulations to Monica Boyd of Coldwell Banker Residential Brokerage for closing the most expensive condo sale in the District in March 2012.

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Honorable mention for the second most expensive DC condo sold in March 2012 was in Kalorama at 2029 Connecticut located at 2029 Connecticut Avenue, #53 Washington, DC.  This 3 BR / 2 BA / 3,150 SF condo includes two parking spaces.  The selling price was $1.33M / $422 SF, which was 95% of asking price.

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Foxhall Ridge is a new community of 32 luxury town homes currently under development in the Palisades neighborhood of Washington, DC.  The first Foxhall Ridge model has recently been completed and as now available for viewing.  The Foxhall Ridge developer, Stanley Martin Homes has released 17 homes which are now available to purchase.

Palisades, which is located along the Potomac River, offers the feel of a suburban setting with the conveniences of urban living.  The location of Foxhall Ridge on MacArthur Boulevard between Foxhall Road and Q Street is across the street from the C & O Canal, close to MacArthur Boulevard's quaint commercial district and less than a mile from Georgetown.

Foxhall Ridge developer finishes include hardwood floors, granite

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Twelve new construction condos are rising from the former parking lot located at he corner of P Street and 8th in Shaw.  The project, being developed by Capital City Real Estate, is designed to look like six row houses and blend into the historic Shaw neighborhood.

Individual unit floor plans will feature 2 BR / 2 or 2.5 BA with over 1,150 SF of living space.  Developer finishes include cherry cabinets with expresso finish, marble countertops, stainless appliances, hardwood flooring, master closet with Elfa shelving, frameless glass showers, grecian slate bath tile and  private balconies or patios.

Here is a resource to learn more about 751 P Street and other DC new construction opportunities.  Our team at TTR Sotheby's International Realty has

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The long neglected mansion located at the corner of 18th and Monroe Streets in Mount Pleasant is coming back to life as a boutique condo development called The Shafer.  The project draws its name from Charles Shafer, the President of American Fire Insurance Company who originally built the mansion in 1909.

The Shafer, which is expected to deliver in 2012, features 12 one and two bedroom condos in this stately structure and adjacent carriage house.  The Developer, Community Three which recently delivered the Residences at St. Monica's project on Capitol Hill, plans to utilize the same unique unit floor plan designs which highlight the historic architectural features of the building.  Custom touches include restored original woodwork, wood-burning

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Washington DC median real estate prices increased by a whopping 18.45% as reported by AOL Real Estate for the 12-month period ending February 2012.  This 18.45% increase ranked DC fifth nationally for median price increases for this timeframe.

A shortage of inventory has significantly impacted the market in 2011, with inventory levels throughout the year averaging between three and four months supply.  Buyers are often confronted with multiple offer scenarios in the popular urban DC neighborhoods.  With several of the planned new condo developments now coming to market as rentals, it is likely that inventory shortages will continue in 2012 for the condo sector.

If you are considering a purchase of a home or condo in the District, here is a resource to

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DC Condo Boutique team member Donna Mank represented the buyer of a penthouse condo at The Phoenix located at 1827 Florida Avenue #401 in DC's Adams Morgan neighborhood.  The unit featured 2 BR / 2 BA / 970 SF and closed on March 30th 2012 for $599,995 / $619 SF.

The Phoenix is located in Adams Morgan on Florida Avenue between 18th Street and 19th Street and within walking distance of restaurants, night life and two Metro Stations.

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