DC New Construction Condo Round-up
DC Condo Projects With Remaining Builder Inventory
The article in Forbes about the DC economy rebounding the quickest in the US reaffirms what we are seeing the urban trenches of the DC condo market. Well priced condos are basically flying off the shelves like iPods in the Apple store around the holidays.
With new construction projects grinding to a halt a couple of years ago, developer new construction inventory in the District is quickly being absorbed. If you are interested in a new construction DC condo, here is a consolidated list sorted by neighborhood of projects with remaining inventory. You can click thru to look at specific listings.
Capitol Hill: Butterfield House Congressional Overlook Jenkins Row Landmark Lofts
Columbia Heights: Harvard Lofts Kenyon Square The Magdaline
Georgetown: Wormley Row
Logan Circle: Citta 50 Metropole Renaissance at Logan
Mount Vernon Triangle: City Vista Yale Stream Laundry
Penn Quarter: Madrigal Lofts
U Street Corridor: The Floridian The Lacey Warehouses at Union Row
Happy Hunting!
Discussion
February stats for DC from MRIS support the rebounding market thesis. Days on the market for District property was down 26 percent, to 83 days vs. Feb 2009. Median sold prices were also down 6% vs Feb 2009.
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