July 2012

Found 7 blog entries for July 2012.

georgetown_madalon_400

While Georgetown's West Village is best know for historic row houses on beautiful tree-lined streets, the Georgetown Madelon condo development offers a different lifestyle choice for this beloved neighborhood. This 30 unit development, located above two of Georgetown's most esteemed restaurants….. Cafe Milano and Peacock, was delivered in 2007.

The Georgetown Madelon offers eight unique floor plans ranging in size from 720 SF 1 BR / 1 BA units to  2,615 SF / two-level penthouse / 3 BR / 2.5 BA units.  Ceiling heights of 9' 3" and floor-to-ceiling windows deliver a bright modern experience that is difficult to find in historic neighborhoods like West Village.

Building amenities include a rooftop pool and terrace with stunning 360-degree city views.  The

4,095 Views, 0 Comments

lofts_at_adams_morgan_400

The boom in loft-style condo development that swept through the District over the last 15 years has touched nearly every neighborhood.  Two flavors of lofts are most prevalent, units in re-purporsed buildings that were previously industrial, commercial, religious or school buildings or loft style units in newly-built buildings.

Taking a cue from Soho, Tribeca and Chelsea in New York, DC's initial loft conversions were in the Adams Morgan neighborhood.  Adams Morgan has several industrial re-use loft developments and the 2300 Block of Champlain Street has a concentration of loft developments.

Logan Circle is also home to several of the most widely coveted loft developments in the District.  Some of the Districts original automobile showrooms have been

8,639 Views, 1 Comment

dc_high_wages_400

While the national economy sputters along, the DC economic engine continues to pace the nation.  The Bureau of Labor Statistics Fourth Quarter 2011 report highlighted that DC is now 3rd in the nation for average wages, with Washingtonians earning 75% more than the national average.  DC now trails only New York City and Santa Clara in average wages.

Based on several key performance indicators of the DC real estate market, many well-paid Washingtonians are eagerly taking advantage of record low interest rates to invest in the market.  Our current inventory of available DC listings was 33% lower in April than a year ago.  Additionally in April the average days on the market for DC property dropped from 83 days to 67, a 19% reduction from last year.  These

2,403 Views, 0 Comments

aston_condominium_400

Sales are underway at the Aston, a new condo development at the corner of 14th and R in the Logan Circle neighborhood.  With just 31 total units the Aston is truly a boutique development.  As of today, seven units are under agreement with 24 remaining for sale.

Floor plans at the Aston include 1 BR / 1 BR + den /  2 BR configurations and prices range from $279,900 to over $1M.  Here is a resource to view active Aston on 14th listings.  Our team is available to assist buyers in purchasing new condos and can help compare and contrast a purchase at the Aston with other new projects in the District.

2,951 Views, 0 Comments

residences_at_the_ritz_carelton_washington_400

The most expensive condo to sell in the District during June 2012 was in the West End at the Residences at the Ritz Carlton located at 1155 23rd Street NW, #PRESP2, Washington, DC.   This 5 BR / 6 BA / 5,664 SF condo includes three parking spaces.  The selling price was $5.5M / $971 SF, which was 85% of the asking price.

Congratulations to Ben Roth of Washington Fine Properties LLC for closing the most expensive condo sale in the District in June 2012.

st_nicholas_400

Honorable mention for the second most expensive DC condo sold in June 2012 was in Kalorama at the St. Nicholas located at 2230 California Street NW, #2B-E Washington, DC.  This 3 BR / 3.5 BA / 2,700 SF condo includes one parking space.  The selling price was $1.495M / $554 SF which was 100% of

2,572 Views, 0 Comments

Standard Eleven, the newest condo project to hit the market in Logan Circle is selling fast with six of the eleven units in the project now under contract.  Buyers are drawn to this project for a number of factors including the convenient location in Logan Circle on M Street between 11th and 12th.  This location weighs in with a WalkScore of 97!

standard_eleven_kitchen_400

standard_eleven_bath_400
If you are interested in new construction in Logan, it would be a good idea to check out Standard Eleven quickly.  Here is the inventory of units that are still available as of 07/10/12:

standard_eleven_071012_400
The Standard Eleven is FHA eligible allowing buyers to secure a mortgage with down payments as low as 3.5%.  Here is a resource to learn more about the project and view active Standard Eleven condo listings.  Our team is available

2,876 Views, 0 Comments

clara_barton_400

For anyone looking to live in the ultimate urban location, the Penn Quarter tops the charts of DC urban neighborhoods. From walking to work….to easy Metro access…..countless restaurants and clubs……Penn Quarter is a dynamic place to call home.

The Penn Quarter is home to several newer upscale developments and the Clara Barton combines chic finishes, extensive amenities and a premier location.  The Clara Barton was originally envisioned as a luxury apartment building but was delivered instead in 2004 as a condo development.  Clara Barton owners benefited from this change as the original set of luxury rental amenities, not typically available for this type of building, were delivered with the project.  These amenities include a rooftop deck and pool,

4,307 Views, 0 Comments