Home | Newsletter | Advertise
loading...

DC Area Condo Pipeline at Lowest Level Since 2004

  • April 15th 2009

by Mark Wellborn

DC Area Condo Pipeline at Lowest Level Since 2004: Figure 1

Housing Complex is reporting that a Delta Associates’ report shows that there are 9,524 unsold condos in the Washington metro area, the lowest number since 2004.

It wasn’t as though Delta didn’t predict this, though, it just may have happened a little bit sooner than they thought it would.

In an October 2008 report, the research firm concluded that condo prices would bottom out in the DC metro area toward the end of 2009. This bottom would come as a result of a market equilibrium between supply and demand resulting from the condo pipeline being “driven to its lowest point since 2004” by continued sales and a number of new condo projects converting to rentals.

William Rich, one of the report’s authors, explained to UrbanTurf that after the remaining new condo projects were completed in late 2008 and early 2009, no new projects would come online for the rest of the year meaning buyers would be buying units from a pool of inventory that is no longer increasing.

See other articles related to: dclofts

This article originally published at https://dc.urbanturf.com/articles/blog/dc_area_condo_pipeline_at_lowest_level_since_2004/803.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse