May 19, 2006

SALES ARE SLOW AT THE RADIUS

Its been more than a month since we last checked in at the Radius. Back on March 25, there were 11 units for sale at this Logan Circle building at 1300 N St. NW.


Surprise, surprise. On May 19, there still are 11 units for sale, according to Zip Realty. Considering how fast inventory is growing in DC, this is a sure sign that the fall is going to get ugly for sellers.

Then again, this strip in Logan Circle is quite a nice neighborhood with bars, restaurants and tons of shopping just a few blocks away. Owners who have not overextended themselves can rent their apartments and wait out the glut, some would get positive cash flow and others not. Either way to our mind, if you have rentable property, the best strategy at this point is to rent, not to sell.

No comments: