Keith-Great blog, very interesting to read about the housing market in DC. One question: do you know how the PN Hoffman development on 14th and V (Union Row) is shaping out in terms of sales? The prices seem very steep considering the size of the development and the current state the market is in. Maybe I'm just cheap.
Well, given the rate of "re-partments" and condo anti-conversions, I would bet not great on any but the cheapest one bedroom units. It seems like the developers are holding prices out of spite at this point,
I agree. would love to see an analysis of the "latest and greatest" condos...like Union Row and the Metropole. Last I looked, Metropole was only 48% sold (2 years into sales?!) Wow.
I think you are smart. PN Hoffman may go belly up. It is just a question of time
If a building isn't "delivering", i.e., closing sales on units, I don't have insight into its sales. For example, until Metropole has been completed, I have no information I can share.I'd not heard that Metropole pre-sales were that low. Things sure looked better back when they were tearing down the Duron Paint building.
Yes, fantastic blog. This market is so difficult to figure out right now. Your analysis is as helpful as I've seen. Wish I could buy you a beer and pick your mind. Keep up the good work.
I've never turned down a free drink...
Ok then. Beer is on me. firstname.lastname@example.org
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