Top 3 DC Penthouse Sales Average $3 Million Plus in March!

Ritz West End Photo

Ritz-Carlton West End

somerset house

Somerset House

turnberry-main

Turnberry Tower

 

 

 

 

 

 

Keeping with recent trends, strong sales were recorded throughout the Capital Region on both sides of the Potomac in DC, Maryland and Virginia. If you’re keeping score, this is where the top stats were produced.

The It Buildings Did It Again — With Highest Sales Prices In The Top 3 Spots!

The Ritz-Carlton in West End, Somerset House in Maryland’s Friendship Heights, and Turnberry Tower in Arlington, Virginia combined for over $9 Million in sales in March. At The Ritz West End — my pick for Most Luxurious It Building — a 3-bedroom 4.5 bath true penthouse, originally listed at $3,500,000, sold for $3,325,000. High above Wisconsin Avenue in Friendship Heights, a 3-bedroom, 4-bath gem with 3,400 square feet in Somerset House went for $3,175,000. Just across Key Bridge at Rosslyn’s  Turnberry Tower, 3-bedroom 4-bath 22nd floor penthouse sold for $2,642,000.

Highest Sales Prices – March, 2013

$3,325,000 Ritz West End West End
$3,175,000 Somerset House Friendship Heights
$2,642,000 Turnberry Tower Arlington
$1,625,000 Chase Point Friendship Heights
$1,545,000 22 West West End
$1,400,000 The Carthage Kalorama

Somerset House & The Watergate Tied For The Most Units Sold!

Somerset House roared in March, selling 4 units to match The Watergate! Madrigal Lofts in Mt. Vernon Triangle and Turnberry Tower in Arlington’s Rosslyn neighborhood took second place with 3 units sold.

Most Units Sold – March, 2013

4 Somerset House Friendship Heights
4 The Watergate Foggy Bottom
3 Madrigal Lofts Mount Vernon Triangle
3 Turnberry Tower Arlington

 

Significant Above List Prices Were Seen in Adams Morgan, Logan Circle and Mount Vernon Triangle.

The Lofts at Adams Morgan,  Madrigal Lofts, and Solo Piazza closed well above 100% of list price.

Highest List-To-Sales Ratio – March, 2013

109.41% The Lofts at Adams Morgan Adams Morgan
106.75% Solo Piazza Logan Circle
102.73% Madrigal Lofts Mount Vernon Triangle
101.53% The Floridian U Street Corridor
101.16% Wooster and Mercer Lofts Arlington
100.72% The Monroe Arlington

West End Takes Top Price Per Square Foot!

Two of the Most Luxurious It Buildings, both in the West End, proved their vaunted values, commanding $984 per Sq. Ft. at the Ritz West End, and $939 at 22 West.

Highest $ Per Sq. Ft. – March, 2013

$984 Ritz West End West End
$939 22 West West End
$934 Somerset House Friendship Heights
$868 Turnberry Tower Arlington
$718 The Carthage Kalorama
$712 The Waterview Arlington

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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