Selected 2005 Condo Flips

The 85 condo flips in 2005 tended to cluster around a few buildings. For example, five buildings accounted for almost half of all condos flipped in 2005:

• 1401 Church Street Condominium, 1401 Church Street NW (6 units)
  
• 2020 Lofts, 2020 12th Street NW (12 units)
  
• Residences at Gallery Place, 777 7th Street NW (10 units)
  
• Cityline, 4101 Albemarle NW (6 units)
  
• The Clara Barton, 616 E Street NW (5 units)
  

And the nominal profits were good. The average nominal profit at 1401 Church St NW was $140,248; at 2020 12th Street NW, it was $127,861. Average time to flip: 135 days for the former, 66 days for the latter. See below.