Logan Condo Market Smoking Hot

Posted by Mark Washburn on Friday, November 5th, 2010 at 9:24am.

The current demand for upscale Logan Circle condos is far exceeding the current level of inventory.  Well-priced units in popular modern buildings are literally flying off the shelf. These units are located in popular Logan developments including Lofts 14, Lofts 14 Two, The Matrix and The Metropole.

While its one thing for someone in the real estate industry to tell you the market is hot, here is the data to support this proclamation.  Over the past 90 days, seven well-priced, upscale Logan Circle condos have been put on the market.  All seven received offers and went under agreement in an average of 9 days.  When a 35 day outlier listing is removed from the group, the average number of days on the market drops to five.

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If you are in the market for an upscale Logan condo, the keys to sucessfully buying one are to align yourself with a tuned-in agent, get pre-approved by a lender, visit the unit as soon as it is listed and be ready and able to make an offer right away.  Here is a tuned-in resource focused on the Logan condo market which details all the active listings in this hot market.

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