Wooo numbers! Delta Associates is out with its mid-year reports, providing a pretty in-depth picture of the area office, condo, and apartment markets. Overall, things continue to steadily improve–unless you're looking to buy a home, of course. Here are some highlights:
Condo market:
New unit sales were up 62 percent over the last year.
Condo sales prices [...]
The Lacey, that incongruous modernist masterpiece on 11th and Florida Northwest (tagline: "Better Living Through Architecture"), is now a prizewinner: Division1 architects picked up the Northern Virginia AIA chapter’s award for residential design excellence last week, beating projects from all over the greater D.C. area.
Tell that to prospective buyers. After being on the market for [...]
As of ten minutes ago, there was one more condo left at the 153-unit Kenyon Square development in Columbia Heights: A two-bedroom, two-bathroom spot priced at $549,000. In an effort to get the last few units off the books, the property's management had been discounting by as much as $50,000. And so ends a two-year [...]
One of the biggest problems facing Downtown is as plain as the empty storefronts along F Street: There’s too much commercial space for the demand, and hundreds of thousands of square feet are in the pipeline. Meanwhile, folks wanting to live downtown have increasingly limited options.
That’s the takeaway from the (otherwise very upbeat) Downtown BID’s [...]
Okay, I never claimed to be a professional photographer— nor did I snap this photo with any intention of ever publishing it. But it illustrates my point. So there it is. Through the hazy reflected images, one can spot the intersection of 12th and U Streets, an exceptional place to live in this [...]
Developer Dennis Lee's transforming Champlain Street with million-dollar condos. But where are the buyers?
The inner courtyard of the Erie has a wavy-described as "undulating" in a promotional poster-yellow inner wall. The architecture is reminiscent of Barcelona, says developer Dennis Lee, as he surveys his work. There are turquoise couches seated around a fire pit, and [...]
A summary of the Year-End 2008 issue of Delta Associates' Mid-Atlantic Condominium Market Report:
New unit sales volume (defined as net binding contracts written with security deposits up) in the Washington metro area during the 4th Quarter was 506 units, similar to the 1st Quarter. For the year, there were 1,704 sales, about 56% less [...]
