The Whitman, which broke ground in late 2004 as the housing boom approached its peak, has started closing on its 182 condos. Beginning in November 2006, 45 sales were recorded by year's end; an additional 23 were recorded through the first half of January 2007, leaving 114 to go.
What's been interesting to observe is how quickly buyers are trying to flip their units or, realizing the difficulty in doing so in this market, rent them out. Some owners are advertising their units before the sale's been recorded by the District.
A little research found nine units listed for rent in craigslist and seven listed for sale in the MLS. For example, unit #901, a one bedroom condo, is available for $2000 / month. Unit #550, 2 BR/2 BA, is yours for $2600 / month. The most expensive rental was a $4500/month 2/2.5.
- #112: $570,000 [DC6337700]
- #301: $699,900 [DC6291072]
- #323: $499,900 [DC6211577]
- #622: $591,400 [DC6322924]
- #701: $399,900 [DC6302270]
- #908: $399,900 [DC6331231]
- #1112: $849,900 [DC6211650]
Five of the seven units listed are being sold by McWilliams Ballard, the building's marketing firm. I've also heard that they're still throwing sales parties for the building.
The Whitman 910 M St NW, DC, 20001
Sales recorded by the District through December 2006:
Information about sales of individual condos can be found at DCCondoPrices.com.