The End of Summer Brought No Market Cool-Down in September

The days grew shorter, the nights took on a chill, but the DC Luxury Condo Market remained hot throughout September. With just six transactions, the market recorded over $11.4 Million in sales!

Highest Sales Prices Recorded in Friendship HeightsArlingtonLogan Circle and West End!

Somerset House

The Somerset House’s unit 302 with 2 bedrooms and 3.5 baths sold for full listing price at $3.5 Million, thanks to a dramatic open floor plan, country kitchen, crown mouldings, fireplace, granite counters and more.

A Turnberry Tower 3 bedroom, 3.5 bath corner penthouse with panoramic views of Georgetown and the Potomac River closed for $2,965,000. Amenities included a private elevator, Italian cabinetry, marble baths, Carlisle walnut floors, walnut built-in cabinets, private balcony and 2 garage spaces.

And a stunning corner penthouse at the Metropole featuring 2 bedrooms, 2 bathrooms, a loft and an expansive deck took third place at $1,300,000.

Highest Sales Prices – September, 2013

$3,500,000

Somerset House

Friendship Heights

$2,965,000

Turnberry Tower

Arlington

$1,300,000

Metropole

Logan Circle

$1,295,000

22 West

West End

$1,263,000

Memorial Overlook

Arlington

$1,149,900

Gaslight Square

Arlington

The Watergate Was Tops For The 4th Straight Month!

watergate1aIn Foggy Bottom, The Watergate recorded six sales totaling $2,665 Million in September. Second place went to Turnberry Tower with four units sold. Nearby in Arlington, Alta Vista tied for the third position with The Sonata in Mount Vernon Triangle.

Most Units Sold – September, 2013

 5

The Watergate

Foggy Bottom

 4

Turnberry Tower

Arlington

 3

Alta Vista

The Sonata

Arlington

Mount Vernon Triangle

 2

555 Mass

Clara Barton

Gaslight Square

Residences at Market Square

Solo Piazza

The Odyssey

Mount Vernon Triangle

Penn Quarter

Arlington

Penn Quarter

Logan Circle

Arlington

 

If You Really Want It, Make Them An Offer They Can’t Refuse.

Every month, a number of properties close at prices above the original listing. Solo Piazza is frequently on the list.pic_329888.222

Highest List-To-Sales Ratio – September, 2013

101.96%

Solo Piazza

Logan Circle

101.67%

Ventana

Penn Quarter

101.48%

2020 Lofts

U Street Corridor

101.07%

Adams Row

Adams Morgan

100.01%

Kalorama Lofts

Adams Morgan

 Two Penthouses Commanded Over $1,000 per Sq. Ft.

22 westIn West End, 2-bedroom, 2-bath unit 3F at 22 West took first position, just edging out #302 at Somerset House in Friendship Heights.

Highest $ Per Sq. Ft. – September, 2013

$1,038.49

22 West

West End

$1,029.71

Somerset House

Friendship Heights

$904.51

Turnberry Tower

Arlington

$870.73

Metropole

Logan Circle

$807.86

The Waterview

Arlington

$766.60

Gaslight Square

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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