May Bloomed Fantastic Throughout The DC Luxury Condo Market!

2029 Connecticut_Avenue_NW

2029 Connecticut

Ritz West End North

Ritz West End

somerset house

Somerset House

 

 

 

 

 

 

From Kalorama to West End to Friendship Heights, enthusiastic penthouse buyers grabbed three properties with sold prices topping $2.5 million to lead the list of Highest Sales Prices in May.

From our “Most Grande” It Buildings category, 2029 Connecticut in Kalorama topped all sales with a breathtaking 5 bedroom, 4.5 bath penthouse — this 5,000 Sq. Ft. residence closed at its full listing price of $2,950,000. In West End, a Ritz-Carlton penthouse — the 3 bedroom, 3.5 bath PH2B — was originally listed at $2,995,000 and sold for $2,900,000. And another full-price sale at Friendship Heights’ Somerset House, a stunning 2 bedroom, 2.5 bath condo, went for $2,500,000.

Highest Sales Prices – May, 2013

$2,950,000

2029 Connecticut

Kalorama

$2,900,000

Ritz West End

West End

$2,500,000

Somerset House

Friendship Heights

$1,760,000

3303 Water Street

Georgetown

$1,550,000

Cooper Lewis

Logan Circle

$1,300,000

2424 Lofts

Adams Morgan

Nothing Flat in U Street — Seven Units Sold At The Flats at Union Row!

Flats at Union Row

Flats at Union Row

The popularity of the U Street neighborhood continued in May with The Flats At Union Row taking first place for Most Units Sold with seven properties and 2020 Lofts tied in second place at four units. Sharing second place was Ten Ten Mass of Mount Vernon Triangle. Third place was also a tie between Arlington’s The Odyssey and The Whitman in Mount Vernon Triangle.

 

Most Units Sold – May, 2013

7 Flats At Union Row U Street Corridor
4 2020 Lofts U Street Corridor
4 Ten Ten Mass Mount Vernon Triangle
3 The Odyssey Arlington
3 The Whitman Mount Vernon Triangle

 For Several Buildings, The Listing Price Was Just The Beginning!

Commanding the highest sale price above list was Logan Station in Logan Circle, where unit #312 sold for $918,000 – that’s 108.06 % over the $849,555 asking price for a 2 bedroom, 2.5 bath condo. In second place was Penn Quarter’s Clara Barton followed closely by Adams Morgan’s Lot 33 in third place.

 

Highest List-To-Sales Ratio – May, 2013

108.06% Logan Station Logan Circle
105.59% Clara Barton Penn Quarter
104.73% Lot 33 Adams Morgan
103.85% Flats at Union Row U Street Corridor
103.34% Cooper Lewis Logan Circle
102.38% The Lafayette Penn Quarter

 

Two Properties Topped Over $1,000 Per Sq. Ft.

Already ranked in the top six buildings for Highest Sales Prices, Cooper Lewis in Logan Circle led our Highest Price Per Sq. Ft. category with 2 bedroom, 2 bath unit 603 — the 1495 Sq. Ft. condo sold for $1,037 per! At just over $1,000 per Sq. Ft. was a 2 bedroom, 2.5 bath condo at Somerset House in Friendship Heights.

 

Highest $ Per Sq. Ft. – May, 2013

$1,037 Cooper Lewis Logan Circle
$1,001 Somerset House Friendship Heights
$975 3303 Water Street Georgetown
$901 Ritz West End West End
$706 The Waterview Arlington
$684 The Odyssey 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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