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Washington DC Market Update

New Condo & Co-Op Market Data

Median sold price for Condo & Coop properties in Washington D.C. for May 2017 was $464,500, an increase of 5.6% compared to April and an increase of 1% from May 2016.

The average Days On Market for units sold in May was 34 days, 3% below the 5-year May average of 35 days.

There was a 6.9% month-over-month increase in new contract activity with 451 new pending sales; a 2.9% MoM decrease in All Pendings (new contracts + contracts carried over from April) to 577; and a 7.2% increase in supply to 687 active units.

This activity resulted in a Contract Ratio of 0.84 pendings per active listing, down from 0.93 in April and a decrease from 0.99 in May 2016. The Contract Ratio is 16% lower than the 5-year May average of 1.00. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller’s favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer’s favor.

How did your neighborhood and home type fare?

Nobu at 2501 M

2501 M & Nobu

2501 M Now Selling in West End

An ‘ultra luxury’ condominium at the edge of West End DC, 2501 M is now offering its first units for sale. The 8 story building at the corner of M and 25th Streets, adjacent to Francis Field, will house 59 new condos in addition to the existing units on the upper three floors known as the Westgate Condominium. The ground floor retail space is reserved for the eagerly anticipated Nobu restaurant, slated to open late this year or in early 2018.

KIPLING HOUSE Barracks Row DC

Kipling House

Kipling House Starting Sales

Kipling House is a 4 story, 48 unit condominium  constructed across two lots previously used as a parking lot and auto service station. Kipling House is located between Potomac Avenue and Barrack’s Row in the Capitol Hill neighborhood of Washington DC. Sales start in May!

Adele DC

Adele Pricing

The Adele Pricing

The Adele is a new boutique “bespoke” condominium project in the 16th Street Historic District near downtown DC. The mixed use building will offer high-end office space and 14 completely customizable condominium residences. Pricing, floor plan and parking information.

475 K Just Sold

Just Sold by The Isaacs Team

475 K #1016 is a two bedroom, two bath condominium at City Vista in the Mount Vernon Triangle – Penn Quarter neighborhood of Washington DC. Sold price $875,000.

1309 Q Street #1

1309 Q Street #1 Under Contract

Under Contract by The Isaacs Team LLC

1309 Q Street #1 is a huge two bedroom + den, 2.5 bath residence one blocks from 14th Street in Logan Circle. Features include a massive, light living & entertaining floor with lovely hardwood floors, working fireplace with vintage etched stone mantle, chef’s kitchen, exposed brick stairwell, powder room and exterior stairway to private outdoor space. The home boasts walls of windows, spacious bedrooms, a private patio and 10-12′ ceilings and secure parking. Listed at $1,350,000.

1808 Corcoran Under Contract

Under Contract in Zero Days by The Isaacs Team LLC

1808 Corcoran is a stylish two bedroom, two bath residence 2.5 blocks from Dupont Circle. Features include a full finished basement, charming patio garden and fun finishes. Listed at $935,000.

925 H Street NW #411 Entry

925 H Street #411 Just Listed

Just Listed by The Isaacs Team LLC

925 H Street #411 is a one bedroom, one bath luxury residence at City Center. Enjoy the best of amenities in one of DC’s most convenient and exciting locations! Listed at $649,900. without parking and $699,900. with parking.

1111 25th Street #304

1111 25th #304 Just Listed

Just Listed by The Isaacs Team LLC

1111 25th Street #304 is a one bedroom + den, one bath, 835 Sf condo at The Atlas in desirable West End. Live in the center of everything, steps from Trader Joe’s, surrounded by high-end retail and restaurants, blocks from Dupont Circle and Foggy Bottom, just across the bridge from Georgetown. Listed at $550,000 with secure underground parking.

3900 Watson Place B1E

3900 Watson Place #B1E Just Listed

Just Listed by The Isaacs Team LLC

3900 Watson Place #B1E offers two spacious bedrooms, two baths, 1200 Sf of living space and a large balcony overlooking green space. This light and open co-op sits on five acres of lush landscape in upscale Observatory Circle. The community is located adjacent to Glover Archibald park, a short commute to Georgetown, West End and Dupont Circle. Convenient to Wisconsin Ave. retail, including Whole Foods and Cathedral Commons. Listed at $437,900.

DC Development

Washington DC Development

What’s Going Up in the District?

Washington DC is bursting with new construction, a boon for frustrated condo buyers who are encountering tight inventory in the resale market. The WestLight released their first luxury condo offering in November, Elysium Logan is beginning pre-sales on their luxury condo project off 14th on Rhode Island Avenue, 2501 M construction is progressing in West End, and The Adele will begin pre-sales in early 2017. There are many new DC real estate development projects, from boutique to large-scale, in various stages of development throughout the District. See what’s going up in your neighborhood!

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