RSS FeedWitness The Freakshow: ANC 2C Meeting On Wednesday
No thanks to our ANC commissioner (Doris Brooks) – who would rather all of these meetings take place in secret: the next ANC 2C meeting will be on Wednesday, February 7, 2007; 6:30pm at the Africare House, 440 R Street, NW.
Here is a link to the site of another ANC commissioner’s website who posted the agenda.
Office Of Planning Redefines "Downtown" – Wants More Air-rights Development
A Washington Business Journal article notes that the District’s Office of Planning is in the midst of redefining Downtown DC. They even have a new name for it: Center City. The new Center City definition includes the North of Massachusetts Avenue area (NoMa) as well as the Southeast and Southwest waterfronts. Getting crowded, isn’t it?
We surfed over to the Office of Planning website and found the official Center City Action Agenda. One of the most interesting plans for the next few years is to encourage air-rights development over highways. We all know that 395 cuts the newly defined downtown in half. It would be interesting if more projects like the Burnham Place at Union Station would take shape over the 395 highway!
Image courtesy Akridge
2006 PQ Real Estate Recap
This post is not a plug for Long and Foster and some of the tactics that real estate agents resort to to get the buying and selling public’s attention amuse this author, but some interesting statistics are out in Internetland and we’d like to point to a nice summary we found. The market continued to decelerate throughout 2006 and PQ Resident expects a flattening off in 2007. The summary stats shown below are broken down by the eleven condo buildings in our neighborhood here:
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.
Sellers should remember that the sales commission a realtor wants to charge is negotiable. Buyers should remember that an agent pushing a specific property for sale may be getting an extra bonus or higher commission for that property, however, they may not have a fiduciary obligation to disclose that to you unless you ask. Ask lots of questions and negotiate…look before you jump and you’ll do fine.
NGA East
NGA East