The Essentials of Due Process

Inevitably, from time to time, community rules are broken. When this happens, the association informs residents about the problem and follows what is known as due process procedure.

Simply stated, this means that the association should notify residents of alleged violations before taking any action. Written notices are sent describing the possible rule violation and residents are asked to correct the problem voluntarily by a specific date. These notices also explain any action the association may take if the violation isn’t corrected.

The association should understand that things aren’t always as they seem. So, any time a notice is sent to a resident, the board should invite the resident to hear their point of view.…

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

In Bright MLS, the median sold price for Condo & Coop properties for January was $295,000, representing a decrease of 1.7% compared to last month and an increase of 6.1% from Jan 2021. The average days on market for units sold in January was 38 days, 19% below the 5-year January average of 47 days. There was a 16.9% month-over-month increase in new contract activity with 2,773 New Pendings; a 13.6% MoM increase in All Pendings (new contracts + contracts carried over from December) to 3,783; and an 8.3% decrease in supply to 3,041 active units.

This activity resulted in a Contract Ratio of 1.24 pendings per active listing, up from 1.00 in December and an…

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In Bright MLS, the median sold price for Condo & Coop properties for December was $300,000, representing no change compared to last month and an increase of 9.1% from Dec 2020. The average days on market for units sold in December was 33 days, 24% below the 5-year December average of 43 days. There was an 18.3% month-over-month decrease in new contract activity with 2,373 New Pendings; a21.2% MoM decrease in All Pendings (new contracts + contracts carried over from November) to 3,329; and a 25.1% decrease in supply to 3,317 active units.

This activity resulted in a Contract Ratio of 1.00 pendings per active listing, up from 0.95 in November and an increase from 0.79 in December 2020. The Contract Ratio is 57% higher than the 5-yearDecember average of…

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