Remaining New Condos in the DC Metro: Where Are They?
The recently-released Year End 2009 Washington Metro Area Condominium Market Overview by real estate sales and marketing firm McWilliams|Ballard talks about the diminishing supply of new condos in DC and close-in areas like Arlington and Bethesda. The report also includes tallies of the remaining units in the submarkets of each city and county. We have pulled out those numbers below so that buyers interested in a particular neighborhood or submarket can get a sense of how many new condos are actually still for sale there.
Also be sure to see our previous coverage of the McWilliams|Ballard report:
- Breakdown of the New Condo Market in the DC Metro, by City & County
- The New Condo Market in the DC Metro: A Snapshot
THE DISTRICT
| Submarket | Units Remaining |
|---|---|
| Penn Quarter/Mt. Vernon Tri. | 123 |
| Logan Cir/U Street/LeDroit Park | 136 |
| Adams Morgan/Columbia Heights | 183 |
| Capitol Hill | 84 |
| SE & SW Waterfront | 494 |
| Dupont Circle/Kalorama | 7 |
| Petworth/East of Rock Creek | 31 |
| New York Ave. Corridor/Northeast | 67 |
| East of the River | 131 |
| Georgetown/West End | 67 |
| NoMa | 15 |
| Upper Northwest | 30 |
| TOTAL | 1,368 |
ARLINGTON
| Submarket | Units Remaining |
|---|---|
| Shirlington | 59 |
| Ballston | 109 |
| Courthouse | 51 |
| Clarendon | 0 |
| Rosslyn | 206 |
| I-395 Corridor | 72 |
| Potomac Yard | 70 |
| Pentagon City | 4 |
| TOTAL | 571 |
ALEXANDRIA
| Submarket | Units Remaining |
|---|---|
| Carlyle | 36 |
| Old Town | 102 |
| West End | 3 |
| Del Ray | 0 |
| TOTAL | 141 |
MONTGOMERY COUNTY
| Submarket | Units Remaining |
|---|---|
| Rockville | 172 |
| Bethesda | 105 |
| Gaithersburg | 111 |
| Takoma Park | 57 |
| Wheaton | 1 |
| Silver Spring | 27 |
| Clarksburg | 0 |
| Germantown | 106 |
| Potomac | 29 |
| TOTAL | 608 |
FAIRFAX COUNTY
| Submarket | Units Remaining |
|---|---|
| Reston | 42 |
| Rt. 1/I-95 Corridor | 66 |
| Fairfax | 100 |
| Falls Church | 130 |
| Centreville | 4 |
| Oakton | 2 |
| McLean | 0 |
| Herndon | 0 |
| Tysons Corner | 271 |
| TOTAL | 615 |
PRINCE GEORGE’S COUNTY
| Submarket | Units Remaining |
|---|---|
| National Harbor | 115 |
| Suitland | 198 |
| Hyattsville | 88 |
| Largo | 0 |
| Bowie | 129 |
| Oxon Hill | 38 |
| Capitol Heights | 29 |
| TOTAL | 597 |
LOUDOUN COUNTY
| Submarket | Units Remaining |
|---|---|
| Ashburn | 13 |
| Leesburg | 5 |
| Lansdowne | 111 |
| South Riding | 158 |
| Aldie | 66 |
| Sterling | 71 |
| TOTAL | 424 |
PRINCE WILLIAM COUNTY
| Submarket | Units Remaining |
|---|---|
| Woodbridge | 569 |
| Gainesville | 267 |
| Dumfries | 114 |
| Dale City | 76 |
| Manassas | 33 |
| TOTAL | 1,059 |
See other articles related to: northern virginia condos, mcwilliamsballard, maryland condos, dclofts, dc condos, dc area market trends, dc area condo market
This article originally published at http://dc.urbanturf.com/articles/blog/new_condos_where_are_they/1777
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6 Comments
Thanks for the breakdown. 1,300 new condo units seems like a very low amount for DC proper, but that would be in line with the low housing inventory that has been talked about in previous articles.
7 new units on the market in dupont/kalorama is amazing. Talk about tight supply. Good sign for those of us who own there.
Clarendon still in high demand in Arlington, ZERO units!
I think SW might be a bit skewed since two buildings have just recently opened up a bunch of units (Potomac Place Tower & Waterfront Tower) due to renovations.
And lumping it in with SE, which is still a wasteland, is somewhat unfair.
Just echoing Janson’s thoughts re: Dupont/Kalorama. Wow indeed.
The Lance Horsley Team w/ Long & Foster who specializes in condos has seen this lack of inventory coming since last year. When the economy was in the worst shape in decades and we had job losses in the metro area for the first time in years, these new condo projects were still selling; undercutting the re-sale market…but being absorbed. So now that most of new construction condos have been absorbed (at least in the larger projects) we will need to rely on smaller projects, apartment conversions, and resale…at least for the short term which is the next few years. It is a great place to live, DC!