Since most projects in this area are well managed, value (low price for square footage) usually comes at the expense of something else. Often projects which are more difficult to finance, due to higher renter concentrations, commercial space, developer control and other elements, are cheaper because they are harder to finance. For instance, the Willoughby in Friendship Heights is a great project that is on many lenders' declined list. If you can make a larger down payment (such as 20 or 25% of the sales price) you can easily obtain financing without a problem. There are several other non-approved condos that are in that area which may represent a value in this respect.