Penn Quarter Condos for sale DC Foreclosures

This is a summary of Penn Quarter condos for sale in Washington DC including foreclosures and short sales. Penn Quarter condos in DC and Washington DC homes for sale have been a whirlwind of redevelopment the past 5 years.  Some neighborhoods with negative reputations have become transformed into ultra-hip villages where one can hardly squeeze in with $300,000 for a one bedroom condo.  Large portions of DC, often blocks long and no longer recognizable as many blocks of Washington DC have been torn down and replaced with many brand new buildings.   This has been going on for several years and the question is what is driving Penn Quarter real estate to appreciate and be revitalized?  The answer is jobs, jobs, jobs. Just in the first 2 months of the 3rd quarter of 2005, nearly 10,000 jobs were added to the payrolls of Washington DC real estate.  The unemployment rate for DC fell to 5.9% in the 4th quarter of 2005.

Many people interested in the neighborhood are also open to Chinatown condos.

Artisan Condo Central condos Clara Barton at Penn Quarter
Lafayette at Penn Quarter Condos Market Square East Condos Market Square West Condos
Residences at Market Square Terrell Place Condos The Ventana Condo

More recently in 2006 the median sold price for Washington DC home prices decreased 3% since the 2005 peak.  And in 2007 the latest data is illustrated by the graph:

penn quarter
Median sold price went down another couple of percent in 2007, but more DC transactions occurred than in 2006.  Judging from the March value of no change in median sales price the market may have bottomed out and is holding steady.  Time will tell.  The local real estate market will continue to remain strong due to job growth, although the days of rapid appreciation are over.  Kudos to those who got in early enough to capitalize in some of the on the edge neighborhoods that have now been transformed.  To a large degree these risk takes helped revitalize large sections of  MLS Washington DC.  Dupont Circle is also a “hot” neighborhood, but most of the new construction ultra modern condos have been constructed in the U Street Corridor condos, Old City #1, Penn Quarter condos, Logan Circle condos and Columbia Heights.

Columbia Heights in  DC went up 22.68% from last year.  Will these trends last?  Read my article on my observations on the market and 2006.  If you need an excellent real estate agent Washington DC, then you’re in the right place.

DC area is a dynamic & thriving area that is literally the capitol of the world.  I always say the whole world is right here.  It may be the most diverse city in the world along with New York City.  Any type of ethnic food is here.  The intense transformation of much of Washington DC real estate with revitalized neighborhoods is exciting.  The new stadium in the District of Columbia for the new baseball team the Nationals, figures to bring in $200,000,000 per year in revenue which will continue this trend.  If you want a good real estate agent Washington DC, then take advantage of the professionalism of Remax Washington DC.  For random photos of condos in DC try Flickr.com for Washington DC condos.

Washington DC condos and Penn Quarter

penn-quarter-condos

 

Price Change - 3 weeks ago
$2,475,000
For Sale
5
Beds
4
Baths
3,800
Sq Ft
The Ventana #505
Washington, DC 20004
Condo - Active
$849,000
For Sale
3
Beds
2
Baths
1,310
Sq Ft
Central #1139
Washington, DC 20004
Condo - Pending
$799,000
For Sale
2
Beds
2
Baths
1,458
Sq Ft
Central #907
Washington, DC 20004
Condo - Active
New Listing - 4 weeks online
$647,000
For Sale
2
Beds
2
Baths
1,160
Sq Ft
Lafayette At Penn Quarter #841
Washington, DC 20004
Condo - Pending
Price Change - a week ago
$629,000
For Sale
2
Beds
2
Baths
1,113
Sq Ft
Central #305
Washington, DC 20004
Condo - Active
Price Change - a week ago
$549,900
For Sale
2
Beds
1
Baths
1,053
Sq Ft
Central #323
Washington, DC 20004
Condo - Active
$515,000
For Sale
1
Beds
1
Baths
544
Sq Ft
Market Swquare West #1209
Washington, DC 20004
Condo - Active
$489,900
For Sale
1
Beds
1
Baths
550
Sq Ft
Residences At Market Square #1111
Washington, DC 20004
Condo - Pending
$480,000
For Sale
1
Beds
1
Baths
887
Sq Ft
Central #207
Washington, DC 20004
Condo - Active
New Listing - 4 weeks online
$476,000
For Sale
1
Beds
1
Baths
550
Sq Ft
Central #1113
Washington, DC 20004
Condo - Active
$474,800
For Sale
1
Beds
1
Baths
810
Sq Ft
The Lafayette #1032
Washington, DC 20004
Condo - Active
New Listing - yesterday
$470,000
For Sale
1
Beds
1
Baths
760
Sq Ft
The Clara Barton #911
Washington, DC 20004
Condo - Active
Price Change - 4 weeks ago
$459,900
For Sale
1
Beds
1
Baths
780
Sq Ft
Central #637
Washington, DC 20004
Condo - Pending
New Listing - 2 weeks online
$459,500
For Sale
1
Beds
1
Baths
810
Sq Ft
Penn Quarter #929
Washington, DC 20004
Condo - Pending
$442,000
For Sale
1
Beds
1
Baths
740
Sq Ft
Lafayette #735
Washington, DC 20004
Condo - Active
$429,000
For Sale
1
Beds
1
Baths
676
Sq Ft
Central #510
Washington, DC 20004
Condo - Active
$414,999
For Sale
1
Beds
1
Baths
659
Sq Ft
The Pennsylvania #1104N
Washington, DC 20004
Condo - Pending
$409,900
For Sale
1
Beds
1
Baths
498
Sq Ft
Market Square West #1012
Washington, DC 20004
Condo - Active
New Listing - 2 weeks online
$399,000
For Sale
1
Beds
1
Baths
680
Sq Ft
Central #434
Washington, DC 20004
Condo - Active
New Listing - 2 weeks online
$399,000
For Sale
1
Beds
1
Baths
Residences At Market Square #1007
Washington, DC 20004
Condo - Active