Church Street Lofts Market Update
The market for loft condos on Church Street in Logan Circle has remained blistering hot over the last year. If you are interested in owning and living in a Church Street loft….the best advice we can offer is to jump in aggressively with both feet when a unit comes on the market!
Over the last year, 14 units in the 1400 block of Church Street have sold. Prices have ranged from a low of $521,000 for a 1 BR / 1 BA / 833 SF unit at Lofts 14 to a high of $1,140,000 for a 2 BR / 2.5 BA / 1,789 SF unit at Lofts 14.
Selling metrics for Church Street units include a lofty average selling price to listing price ratio of 99.9% and an average of only 14.4 days on the market. Additionally, nine of the 14 units on Church Street sold at above asking price. Here is a breakdown of the 14 Church Street loft transactions:
Currently, one Church Street loft unit is listed for sale and it is a penthouse unit at Lofts 14 featuring 3 BR / 2 BA / 1,314 SF built around the former industrial elevator shaft in the building. This unit is listed for $1,399,000.
The DC Condo Boutique team is available to support your pursuit of a Church Street loft unit. Our TTR Sotheby's International Realty office is located just around the corner from Church Street and we often find out about listings before they show up in MLS. Here is a resource to learn more about the loft developments on the 1400 block of Church Street.