1. Washington, DC Metro (in various colors)
  2. Condos & Co-ops (in yellow)

The median sold price for Condo & Coop properties for
September was $295,000, representing a decrease of 1.6%
compared to last month and an increase of 0.2% from Sep 2020. The
average days on market for units sold in September was 28 days,
32% below the 5-year September average of 41 days. There was a
7.6% month over month decrease in new contract activity with 3,260
New Pendings; a 5.8% MoM decrease in All Pendings (new contracts
+ contracts carried over from August) to 4,610; and a 9% increase in
supply to 5,669 active units.

This activity resulted in a Contract Ratio of 0.81 pendings per active
listing, down from 0.94 in August and a decrease from 0.88 in
…

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Landlords at a Loss

The State of Emergency for DC Landlords


The Condo Connection had the pleasure of representing our client Shirley, who purchased a 1,000 square foot condo in NE Washington, DC. This 2BR, 2BA, 2-level property was purchased as an investment property to serve as her primary income source during her retirement. Shirley officially retired in December 2019 and started off 2020 enjoying her well-earned retirement. At least, that’s how it started.

Like most of us, the absolute last thing Shirley saw coming was a pandemic, and she too, was impacted. Directly impacted. Shirley reached out to me in April and again in May 2020 and was seriously worried. She told me that her tenant lost her job because of the pandemic and had not made a…

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