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 [...]
The Lacey, a boutique 26-unit condo building at the corner of 11th and Florida NW, has released another set of price drops after a previous round in May (see below the jump). Over the weekend, someone asked me how the condo market was faring, and whether prices in D.C. had dropped substantially. Well, Delta Associates [...]
Due to technical difficulties, I wasn't able to get onto the local listings database for the last few weeks. In that time, a lot has happened. For example, the following video was posted—allowing you, me, and plenty of others the opportunity to avoid reading a long housing report that inevitably (at least in my case) [...]
Highlights from Delta Associates' third quarter condo report:
"The District accounts for two-thirds of net new condo sales. During the 3rd quarter, there were 262 new unit sales in the metro area. Although sales activity fell metro-wide almost by half compared to the second quarter, most of the inner communities reached sales milestones, led by the [...]
