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

 

$1,795,000
Condo For Sale
Active
2
BED
4
TOTAL BATHS
2,740
SQFT
Terrell Place #900
675 E Street NW 900
Washington, DC 20004
Price Change - 7 days ago
$859,999
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,253
SQFT
Central #1107
912 F Street NW 1107
Washington, DC 20004
$824,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,349
SQFT
Central #1015
915 E Street NW 1015
Washington, DC 20004
$799,999
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,259
SQFT
Ventana #509
912 F Street NW 509
Washington, DC 20004
New Listing - 4 days online
$680,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,400
SQFT
Central #841
631 D Street NW 841
Washington, DC 20004
$635,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
1,140
SQFT
Central #726
631 D Street NW 726
Washington, DC 20004
Price Change - a week ago
$499,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
930
SQFT
The Lafayette At Penn Quarter #129
631 D Street NW 129
Washington, DC 20004
Price Change - 3 weeks ago
$449,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
669
SQFT
Central #401
915 E Street NW 401
Washington, DC 20004
$428,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
801
SQFT
601 Pennsylvania Avenue NW 212 #212
Washington, DC 20004
PENN QUARTER Subdivision
$420,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
619
SQFT
Central #211
601 Pennsylvania Avenue NW 211
Washington, DC 20004
New Listing - 4 weeks online
$405,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
475
SQFT
Central #1005
801 Pennsylvania Avenue NW 1005
Washington, DC 20004
$359,900
Condo For Sale
Active
1
TOTAL BATHS
639
SQFT
Central #219
616 E Street NW 219
Washington, DC 20004
Price Change - 2 weeks ago
$323,000
Condo For Sale
Pending
1
TOTAL BATHS
508
SQFT
Central #104
915 E Street NW 104
Washington, DC 20004