In Weekend Outlook we look at trends in the condo market in Washington in order to try to establish the direction of things and make some “calls” on the market as we move through 2009. We do that by tracking the open house activity for condos in the District. We look at both the overall picture and from week to week focus on a different market subset.
If you were shopping for a condo this weekend, you would be able to see at least 180 units open. Many of these units are in a single project. For example, you could see several units at the Erie in Adams Morgan. In the sweet spot of condos priced at or around $500,000, which is the average selling price right now, you could see 14 units open this weekend.
Our open house information this week is courtesy of Kathy Brandel at EYA Urban Realtors. She can be reached at 202-841-3462 for more information about specific open houses.
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