CondoAuthority.com News and Info

The JBG Cos. preparing to start on 14th Street condo project

jtest — Fri, 05 Mar 2010 11:00:03 -0800

Washington Business Journal - by Sarah Krouse Staff Reporter

The 14th Street NW corridor has seen a slew of new retail in the last three years — some of the city’s hottest restaurants, the ever-popular gelato shop and several furniture stores.

What it hasn’t seen: a residential groundbreaking.

D.C. area condo sales up 34% in 2009

jtest — Fri, 08 Jan 2010 06:19:19 -0800

New condo sales surged in 2009 and prices seem to hit bottom earlier in the year for select close in jurisdictions (The District, Alexandria, Arlington). Suburban Maryland is lagged behind other jurisdictions in their decline, but prices continued to increase a bit longer there as well.

Thursday, January 7, 2010, 2:43pm EST
D.C. area condo sales up 34% in 2009
Washington Business Journal - by Sarah Krouse, Staff Reporter

Existing home sales jump 10.1 percent

jtest — Mon, 23 Nov 2009 14:37:05 -0800

With the 1st time buyer tax credit being extended and expanded, will December and January be the best time for buyers to pull the trigger?

By Dina ElBoghdady
Washington Post Staff Writer
Monday, November 23, 2009

Sales of previously owned homes jumped 10.1 percent in October from September to their highest pace in more than two years, driven in part by a lucrative tax credit for first-time home buyers, according to industry data released Monday.

Tom Clancy’s $12.6 Million Condo Buy Boosts Baltimore Market

jtest — Sat, 21 Nov 2009 13:30:22 -0800

$1,000+ per square foot...what do you think Mr. Clancy's would sell for if he were to try to flip it?

By Kris Hudson | Wall Street Journal

Tom Clancy has given a bit of a boost to the battered condominium market – at least in Baltimore.

The novelist this week paid $12.6 million for three condos that will be combined to create an 11,959-square-foot penthouse in the Ritz-Carlton Residences in Baltimore’s Inner Harbor, according to published reports and people familiar with the matter.

Washington Beats U.S. Housing Slump on Obama Budget

jtest — Mon, 02 Nov 2009 09:57:03 -0800

This Bloomberg article notes the impressive performance of the Washington area economy and housing market thanks to increased spending by the Federal Government. The preference for smaller, less expensive homes (typically condos in this region) is also highlighted by several large builders sales results. Is this permanent rebound for the area's housing market?

Washington Beats U.S. Housing Slump on Obama Budget

By John Gittelsohn

DC Area Condos on Upswing

jtest — Mon, 19 Oct 2009 12:47:52 -0700

By Erika Morphy | GlobeSt.com

WASHINGTON, DC-Condo sales in the area are on the rise after a two year trough, according to a new study by Delta Associates and McWilliams\Ballard. New-unit sales volume, defined as net binding contracts written with security deposits, registered 686 units in Q3 in the area -- the highest quarterly sales volume in two years. Also, in the past 12 months, there were 2,120 sales, an increase of 45% from the prior 12-month period.

Arlington shovel-ready projects eyeing market

jtest — Tue, 22 Sep 2009 14:00:47 -0700

Arlington shovel-ready projects eyeing market
Washington Business Journal - by Sarah Krouse, Staff Reporter

Fenced-in squares of rubble are common sights these days along the Rosslyn-Ballston corridor. Before the residential real estate market took a nose dive in 2007, many developers with plans for luxury condominiums and apartments secured county approval and called in the wrecking ball, only to put their projects on hold when the financial crisis hit.

Silo Point in Baltimore is Holding a Daring Fundraiser

jtest — Mon, 14 Sep 2009 08:50:21 -0700

Silo Point, a new condo in Baltimore built in and around an historic grain elevator, is holding a fundraiser for those interested in rappelling over the side of the 23-story building. If you can raise $1,000 forGaudenzia's Addiction Treatment & Recovery Services Women and Children's Center you can reserve your opportunity to "go over the edge".

Four Seasons hotel in Baltimore delays opening until 2011

jtest — Fri, 17 Jul 2009 07:40:58 -0700

Not surprisingly, The Four Seasons Hotel & Residences at Baltimore's Inner Harbor / Harbor East has been delayed further. Construction is now expected to start in the 1st quarter of 2011 with residential deliveries not likely until mid-2013 at the earliest.

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Washington Business Journal - by Julekha Dash, Contributing Writer

Report: New condo prices are down, sales shoot up

jtest — Sat, 27 Jun 2009 07:13:02 -0700

The Washington area housing market seems to be making great strides this Spring as buyers without a home to sell are taking advantage of low interest rates, an $8,000 1st time buyer tax credit, a ready supply of newly constructed new condos. The market is improving from the bottom up in terms of price, a trend that is benefitting the condominium segment of the market as condos tend to be less expensive than single family homes in similar locations.