Penn Quarter, Gallery Place and China Town Real Estate Statistics for 2007

The total number of units sold in Penn Quarter this past year was 102. The days on market averaged 73. In 2006 the days on market was 43. 

– A total of 3 - THREE bedrooms sold. The average days on market was 58. Last year the average was 34 days.  The average sold price was $812,666. Last year the average sold price was $820,000. Two of the three properties sold below the listed price and one sold above.

 

– A total of 27 - TWO bedrooms sold. The average days on market was 76 days. In 2006 it averaged 59.76. The average sold price was $607,225. In 2006 it was $632,552. Four properties sold above the listed price, six went for the same price and nineteen were sold below the listed price.

– A total of 63 - ONE bedrooms sold. The average days on market was 74. In 2006 the average was 37. The average sold price was $409,900. In 2006 the average was $424,037. Seven properties escalated above list price. Twenty properties sold at the listed price. Thirty nine properties sold below the listed price.

– A total of 8 - efficiencies sold. The average days on market was 69 days. In 2006 it was 37. The average sold price was $289,099. In 2006 it was $292,030. Four of the properties went below the listed price. Three went at the listed price and one escalated above the listed price.

Statistics for Penn Quarter Condominiums

-- 555 Mass —

555 Massachusetts had 19 sales in 2007. There were 8 two bedrooms (avg. $535,350. In 2006 the avg. was $538,216), 11 one bedrooms (avg. $364,636. In 2006 the average was $388,148). The days on market in 555 Mass was 56.

– Mather Studios –

916 G Street had 2 sales in 2007. In 2006 there were 5.  There was one-bedroom which sold for $470,000 in 52 days. The two-bedroom sold for $600,000 in 107 days.

– The Ventana –

912 F Street had 4 sales in 2007. There were 2 two bedrooms averaging $781,250. In 2006 the avg. was $919,859. There was 2 one bedrooms averaging $530,450. Last years avg. was $671,137.  The days on market averaged 121.

– Market Square –

601 Pennsylvania, 701 Pennsylvania, 601 Pennsylvania all make up the Market Square Condominium. There were 10 sales in Market Square in 2006. The average days on market were 46. The average sales price was $350,000. Last year the average price for 2006 was $355,600.  There was only one 2-bedroom sale for $592,000.  

– Clara Barton –

616 E Street had 15 sales in 2007.  There were 2 bedrooms which sold at an average of $671,000. The average in 2006 was $525,000. 9 one bedrooms sold at an average of $390,333. In 2006 the avg. was $407,725. There were 4 efficiencies which sold at an average of $303,749.

– Lafayette —

631 D Street had 10 sales in 2007. There were 5 2 two bedrooms which averaged $620,000. In 2006 the average was $507,000. There were 5 one bedrooms which sold at an average of $405,780. In 2006 the avg. was $408,112.

– Terrell Place –

675 E Street had one sale in 2007. It was a two bedroom, which sold for $1,500,000 in 29 days.

– Gallery Place –

777 7th Street had 5 sales in 2007. There were two efficiencies which averaged $272,450. In 2006 the avg. was $301,625. There were 3 one bedrooms which averaged $391,333. In 2006 the avg. was $399,671. In 2007 not one 2 bedroom sold.

– The Cosmopolitan —

715 6th Street had 1 sale in 2007. There was one 1-bedroom which sold for $389,000.

– 6th Street Flats –

809 6th Street had two sales. There was two 1-bedroom which sold for $374,900. One 2-bedroom sold for $420,000.

– 1150 K Street –

1150 K St., had two sales in 2007. One 1 bedroom which sold at $295,000 in 142 days. The two bedroom sold above the listed price at $445,850 in 2 days.

– 400 Mass –

400 Massachusetts had 11 sales in 2007. There were 9 one bedrooms which averaged $437,766. In 2006 the avg. was avg. $496,666.  Of the two bedrooms 2 sold averaging $602,500. In 2006 two bedrooms avg. avg. $717,466. The days on market averaged 95.

– The Artisan –

915 E Street had 20 sales in 2007. Of the one-bedrooms there were 13 which sold. The average price was $411,592. They averaged 59 days on the market. There were 4 two-bedrooms which averaged $503,425 and 57 days on the market. Two 3-bedrooms sold on an average of 58 days on market. The avg. price was $801,950. One efficiency sold at $245,900 in less than one day on the market.

– Not all transactions were handled by Long and Foster. Information is believed to be accurate, but should not be relied upon without verification –

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