Penn Quarter, Gallery Place and China Town Real Estate Statistics for 2006

The total number of units sold in Penn Quarter this past year was 105. The days on market averaged 43.04. 

– A total of 2 - THREE bedrooms sold. The average days on market was 34.50.  The average sold price was $820,000.

– A total of 29 - TWO bedrooms sold. The average days on market was 59.76. The average sold price was $632,552.

 – A total of 67 - ONE bedrooms sold. The average days on market was 37.56. The average sold price was $424,037.

 – A total of 7 - efficiencies sold. The average days on market was 37. The average sold price was $292,030.

 

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Statistics for Penn Quarter Condominiums

– 555 Mass —

555 Massachusetts had 43 sales in 2006. The average price was $420,390. There were 12 two bedrooms (avg. $538,216), 27 one bedrooms (avg. $388,148) and 4 efficiencies (avg. $277,800)

– 400 Mass –-

400 Massachusetts had 9 sales in 2006. The average price was $570,266. There were 3 two bedrooms (avg. $717,466) and 6 one bedrooms. (avg. $496,666)

– Mather Studios –

916 G Street had 5 sales in 2006. The average price was $723,000. There were 4 two bedrooms (avg. $790,000) and 1 one bedroom. (avg. $455,000). The Mather Building received the 2006 Catalyst Award in Architecture DC.

– The Ventana –

912 F St had 4 sales in 2006. The average price was $795,498. There were 2 two bedrooms (avg. $919,859) and 2 one bedrooms. (avg. $671,137). The Ventana received the 2006 award of Merit for Architecture in the Architecture DC magazine.

– Market Square –

601 Pennsylvania, 701 Pennsylvania, 601 Pennsylvania all make up the Market Square Condominium. There were 11 sales in Market Square in 2006. The average sales price was $355,600. All units were one bedroom.

– Clara Barton –-

616 E Street had 13 sales in 2006. The average sales price was $464,984. There were 2 three bedrooms (avg. $824,500), one 2 bedrooms (avg. $525,000), 9 one bedrooms (avg. $407,725) and one efficiency (avg. $315,000)

– Lafayette —

631 D Street had 11 sales in 2006. The average sales price was $460,809. There were one 3 bedroom  (avg. $790,000), 2 two bedrooms (avg. $507,000) and 8 one bedrooms (avg. $408,112)

– Terrell Place –

675 E Street had one sale in 2006. It was a two bedroom, which sold for $755,000.

– Gallery Place –

777 7th Street had 10 sales in 2006. The average sales price was $395,095. There were two efficiencies (avg. $301,625), 7 one bedrooms (avg. $399,671), and 1 two bedroom that sold for $550,000.

– The Cosmopolitan —

715 6th Street had 2 sales in 2006. There were 2 two bedrooms. The average sales price was $561,500.

– 6th Street Flats –

809 6th Street had one sale. There was 1 two bedroom which sold for $446,000.

– Not all transactions were handled by Long and Foster. This information gathered from MLS –

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