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

 

$1,595,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,775
SQFT
Central #1025-1026
701 Pennsylvania Avenue NW 1025-1026
Washington, DC 20004
$795,000
Condo For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,310
SQFT
The Lafayette At Penn Quarter #639
631 D Street NW 639
Washington, DC 20004
Price Change - 3 weeks ago
$730,000
Condo For Sale
Pending
2
BED
3
TOTAL BATHS
1,400
SQFT
Central #242
631 D Street NW 242
Washington, DC 20004
$579,900
Condo For Sale
Active
1
BED
2
TOTAL BATHS
861
SQFT
The Pennsylvania #1003N
601 Pennsylvania Avenue NW 1003n
Washington, DC 20004
$549,900
Condo For Sale
Active
1
BED
2
TOTAL BATHS
935
SQFT
Central #904
912 F Street NW 904
Washington, DC 20004
Price Change - 4 weeks ago
$519,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
917
SQFT
Central #301
912 F Street NW 301
Washington, DC 20004
$500,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
554
SQFT
Residences At Market Square #1112
801 Pennsylvania Avenue NW 1112
Washington, DC 20004
New Listing - 3 weeks online
$498,800
Condo For Sale
Active
1
BED
1
TOTAL BATHS
805
SQFT
Clara Barton At Penn Quarter #819
616 E Street NW 819
Washington, DC 20004
Price Change - 3 weeks ago
$484,900
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
781
SQFT
The Artisan Condo, D.C. #508
915 E Street NW 508
Washington, DC 20004
Open House 11/17 at 2PM
$475,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
748
SQFT
Central #411
915 E Street NW 411
Washington, DC 20004
New Listing - 4 weeks online
$449,900
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
680
SQFT
The Lafayette #934
631 D Street NW 934
Washington, DC 20004
Price Change - a week ago
$449,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
801
SQFT
601 Pennsylvania Avenue NW 212 #212
Washington, DC 20004
PENN QUARTER Subdivision
New Listing - 4 weeks online
$350,000
Condo For Sale
Pending
1
TOTAL BATHS
555
SQFT
Central #201
601 Pennsylvania Avenue NW 201
Washington, DC 20004