The Watergate Topped The DC Luxury Condo Market with Eight Sales in April!

The Watergate Complex

The Watergate

Somerset House

Somerset House

22 West

22 West

 

 

 

 

 

 

Foggy Bottom was the clear sales winner with the in April. The Watergate notched sales of eight units and also took third place for Highest Sales Price as the DC Luxury Condo market warmed up for spring.

The “Its” Scored The Big Hits in April!

Somerset House, on The It Buildings list for Best Private Outdoor Spaces, commanded top dollar in April with this spectacular 3,482 Sq. Ft. 17th floor penthouse — 3 bedrooms and 3.5 baths — $2,450,000! Down in West End at 22 West (one of the Most Luxurious It Buildings), a 1,932 Sq. Ft. residence with 2 bedrooms and 3 baths sold for $1,875,000. And in nearby Foggy Bottom, at our choice for Best Views, The Watergate Unit 1203S closed at $1,450,000 for 4 bedrooms and 3.5 baths.

Highest Sales Prices – April, 2013

$2,450,000

Somerset House

Friendship Heights

$1,875,000

22 West

West End

$1,475,000

The Watergate

Foggy Bottom

$1,461,000

Ritz West End

West End

$1,450,000

Residences at Market Square

Penn Quarter

$1,390,000

Lofts 14

Logan Circle

Looking for Most Units Sold? Try Foggy Bottom, Mount Vernon Triangle and Arlington.

After selling 3 units in February and 4 in March The Watergate dominated the chart with 8 in April. Madrigal Lofts in Mt. Vernon Triangle with 4 units took second for the second month in a row, and The Odyssey in Arlington took third place with 3 units sold.

 

Most Units Sold – April, 2013

8

The Watergate

Foggy Bottom

4

Madrigal Lofts

Mount Vernon Triangle

3

The Odyssey

Arlington

Once More, Buyers Were Willing to Compete for Well-Priced Luxury.

In Dupont Circle, a Beaux Arts condo in The Northumberland closed at 107.02% over the listing price, while two properties in Mount Vernon Triangle placed second and third — Yale Steam Laundry followed by Madrigal Lofts.

Highest List-To-Sales Ratio – April, 2013

107.02%

The Northumberland

Dupont Circle

106.29%

Yale Steam Laundry

Mount Vernon Triangle

105.08%

Madrigal Lofts

Mount Vernon Triangle

103.05%

Matrix

Logan Circle

102.20%

Flats at Union Row

U Street Corridor

101.39%

Alta Vista

Arlington

Logan Circle Loft Commands A Thousand Plus Per Square Foot!

A renovated warehouse condo at Lofts 14 charmed one buyer to spend $1,057 a Sq. Ft. in April, while 22 West maintained its high-value per Sq. Ft. status in the West End, and the Flats at Union Row ranked third.

Highest $ Per Sq. Ft. – April, 2013

$1,057.84

Lofts 14

Logan Circle

$970.50

22 West

West End

$865.84

Flats at Union Row

U Street Corridor

$816.90

Residences at Market Square

Penn Quarter

$793.65

Dumbarton Place

Dupont Circle

$761.48

Matrix

Logan Circle

 

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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