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January 26, 2012
Harvard & Highland, a 38-unit luxury condo project on Capitol Hill, hired Realogics Sotheby's International Realty to sell the last eight units. Realogics said it will market them to local and international buyers to capitalize on what it says is a rise in second home ownership. Units range from about 1,625 to 2,365 square feet. List prices are between $995,000 and just under $2 million. Asking prices were reduced in April. Melissa Camp, who recently joined the brokerage, is the sales director for the project. She said median sales prices for downtown condos actually rose 5 percent in 2011, and sales of downtown condos above $1 million grew nearly 20 percent.