July Fireworks in the DC Luxury Condo Market!

Ritz Georgetown Image

Ritz West End Northlandmark loftsSummer sizzled and brought out the buyers for eye-popping penthouses and elegant condos in Life At The Top’s DC luxury neighborhoods.

Georgetown, West End, Capitol Hill, Foggy Bottom…Seven-Figure Sales Were Everywhere!

Listed at $4,299,000, The Ritz-Carlton Georgetown’s penthouse PH-1E features a dazzling living room with walls of glass overlooking the Potomac. With 2 bedrooms and 2.5 baths, it closed on July 3rd at $4,100,000. At The Ritz-Carlton’s West End property, unit S3A in the south building sold for $1,800,000. This 3-bedroom, 3.5-bath penthouse boasts a corner wall of windows, library, 2 balconies and 2-car parking. In Capitol Hill, unit 2A at Landmark Lofts came with Wolf/Sub-zero appliances, Italian honed granite countertops, Waterworks bath fixtures, hardwood and tile floors, plus two roof terraces, 2-car parking and additional storage. The closing price was $1,355,000!

Highest Sales Prices – July, 2013

$4,100,000

Ritz Georgetown

Georgetown

$1,800,000

Ritz West End

West End

$1,355,000

Landmark Lofts

Capitol Hill

$1,100,000

The Watergate

Foggy Bottom

$965,000

The Floridian

U Street Corridor

$960,000

Flour Mill

Georgetown

The Watergate Sold The Most Units…Again

A sprawling complex of buildings in Foggy Bottom, The Watergate has 630 luxury condo and penthouse properties. You can expect it will frequently take top position in any given month. In July The Watergate took top position with 4 units sold, the same number as last month. Sharing the second spot with 3 units sold were U Street’s The Floridian and The Lafayette in Penn Quarter.

Most Units Sold – July, 2013

4

The Watergate

Foggy Bottom

3

The Floridian

The Lafayette

U Street Corridor

Penn Quarter

2

Atrium

Gallery Place

Landmark Lofts

Metropole

Arlington

Chinatown

Capitol Hill

Logan Circle

Once Again, The Listing Price is Below the Closing Price…

The Wyoming in Kalorama is one of my picks for The Most Grande in the DC luxury condo market. Apparently the buyers who purchased unit 604 in July agreed, paying $311,500 for a 1-bedroom, 1 bath condo listed for $299,000. Other above-list sales took place at Metropole in Logan Circle, Lott 33 in Adams Morgan and Gallery Place in Chinatown.

Highest List-To-Sales Ratio – July, 2013

104.18%

The Wyoming

Kalorama

104.02%

Metropole

Logan Circle

103.75%

Lot 33

Adams Morgan

100.03%

Gallery Place

Chinatown

 $1,363+ Per Sq. Ft. at The Ritz-Carlton in Georgetown!

With just over 3,000 Sq. Ft., this Ritz 2-bedroom isn’t just luxurious — it is uber the top and the price is validation!

Highest $ Per Sq. Ft. – July, 2013

$1,363.94

Ritz Georgetown

Georgetown

$781.95

Metropole

Logan Circle

$721.45

The Waterview

Arlington

$696.31

Lot 33

Adams Morgan

$649.58

Ritz West End

West End

$633.82

The Lafayette

Penn Quarter

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.

Leave a Reply

Your email address will not be published. Required fields are marked *