No Chill for The DC Luxury Condo Market In February

Turnberry Tower

Turnberry Tower

2101 Connecticut

2101 Connecticut

Somerset House

Somerset House

 

 

 

 

 

 

 

DC, Maryland and Virginia all pitched in to keep sales of luxury DC condos and penthouses steamy while the weather chilled! Here’s what happened February’s Capital Region market.

Highest Penthouse Sales Prices? Rosslyn in Arlington, Kalorama, and Friendship Heights led the way!

Three of The It Buildings commanded the highest prices in February. At Turnberry Tower, 3-bedroom 4.5 bath Unit 2101, originally listed at $3,950,000, sold for $3,600,000. That Most Grande of The It Buildings, 2101 Connecticut Avenue produced a full-price sale for Unit 83 with 3 bedrooms, 3 baths and 3,000 square feet for $1,950,000. Meanwhile up in Friendship Heights, Unit 1105 in Somerset House went for $1,430,000. That’s for 2 bedrooms and 2.5 baths!

Highest Sales Prices – Feb. 2013

$3,600,000

Turnberry Tower

Rosslyn

$1,950,000

2101 Connecticut

Kalorama

$1,430,000

Somerset House

Friendship Heights

$850,000

The Watergate

Foggy Bottom

$826,000

Q 14

Logan Circle

$790,000

3303 Water Street

Georgetown

The Watergate & Turnberry Tower Captured The Most Units Sold!

The Watergate

The Watergate

After selling 3 units in January, The Watergate sold 4 more in February  — tied with Turnberry Tower! City Vista in Mt. Vernon took third place with 3 units sold.

Most Units Sold – Feb. 2013

 00400

The Watergate

Foggy Bottom

4

Turnberry Tower

Rosslyn

3

City Vista

Mount Vernon Triangle

2

The Artisan

Penn Quarter

2

The Odyssey

Courthouse

2

The Whitman

Mount Vernon Triangle

DC Buyers Paid Above List in Mount Vernon Triangle and Logan Circle!

555 massProperties in three hot buildings in Mount Vernon Triangle including 555 Mass sold above list price, while Logan Circle’s Lofts 14 also closed above 100%.

Highest List-To-Sales Ratio – Feb. 2013

  104.53%

555 Mass

Mount Vernon Triangle

103.25%

City Vista

Mount Vernon Triangle

101.72%

Lofts 14

Logan Circle

101.30%

  Yale Steam Laundry

  Mount Vernon Triangle

The Price of Elegance Calculated By The Square Foot!

This gem must be flawless — a 1 bedroom, 1 bath property at 3303 Water Street sold for a stunning $823 a square foot. And three buildings in Logan Circle joined the ranks, proving once again how hot the neighborhood has become.

3303 Water Street

3303 Water Street

Highest $ Per Sq. Ft. – Feb. 2013

00$82300

  3303 Water Street

  Georgetown

$810

Turnberry Tower

Rosslyn

$676

Lofts 14

Logan Circle

$672

Logan Station

Logan Circle

$666

Q 14

Logan Circle

$650

2101 Connecticut

Kalorama

For more information about recent sales, or to discuss buying or selling a luxury property in the Capital Region, contact Jeff Wilson at your convenience.

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