But is it economical?
I thought it would be interesting to see how much a District condo costs on a per square foot basis in each District neighborhood. Moreover, does sales price per square foot increase or decrease as the number of bedrooms increase? So, I pulled data for 2008 condo sales [January - May] and, after deleting those sales for which I had no information on sales price per square foot [usually because the condo's CAMA data aren't available through the District's public websites], plopped it into an Excel pivot table. See the table below.
In the aggregate, sales price per square foot decline as the number of bedrooms increases. Obviously, there are exceptions, but in general the rule applies for each neighborhood, too.
Interestingly, the most expensive condo sale on a $/sq ft basis in Old City II was a 419 square feet studio that sold for $942.72/sq foot.