Activity in Logan Circle

Looking at activity in Logan Circle, we can see the surge in condo conversions that began in 1998 and peaked in 2004. The number of sales in November of 2008 is the same as the number sold in November of 2000. The percentage of listings sold has dropped significantly from 2006 to 2008. Unfortunately, we cannot obtain percentage of listings sold data prior to 2006 (at least not from any reliable source). Whether we have reached a floor in activity in Logan for the time being will become clearer in the first quarter of 2009. On a positive note, the average sales price in this zip code for November of 2008 was up over the average for 2007; $564,000 v. $518,000.

1995: 4 sold
1996: 3 sold
1997: 1 sold
1998: 12 sold
1999: 14 sold
2000: 15 sold
2001: 17 sold
2002: 18 sold
2003: 18 sold
2004: 31 sold
2005: 24 sold
2006: 21 sold out of 69 active listings (30%)
2007: 20 sold out of 100 active listings ((20%)
2008: 15 sold out of 81 active listings (18%)
There are currently 94 active listings in this zip code.