Posts Tagged ‘DC condo market’
State of the D.C. Condo Market Today
Some bad news, but glimmers of a turnaround…
Delta Associates latest condo report was released today, showing that the DC-area pipeline is drying up and that condo prices have dipped a tiny amount in the city. There are fewer and fewer area projects converting from condos to apartments.This year, 15 condo projects—totaling 2,432 units—were canceled.
At least one blogger is proffering that there will be some project reversions—buildings that started out condo, then became apartments and then went back to condo. “The takeaway for anyone contemplating buying a new condo is that, if Delta is right, prices won’t go much lower than they are right now,” writes Will Smith with UrbanTurf.
