4200 Cathedral Avenue NW #602 UNDER CONTRACT!

We are seeing quite the pick-up in sales of entry level properties. 4200 Cathedral Avenue NW #602 had a recent price reduction to $160,000 and is under contract! The buyer hopes to settle in time for the first time buyer credit in case it's not extended. Everyone is hoping that the increased activity will "trickle up" and start moving into the upper bracket, which is still very slow.