Thanks Giving and Taking Throughout November in The DC Luxury Condo Market

Somerset House

Somerset House

wyoming 2

The Wyoming

Throughout the month of November, significant sales activity in the Capital Region produced rewards for sellers and buyers on both sides of the Potomac.

For Highest Sales Prices, Somerset House in Friendship Heights Led The Way!

Three of the top six sales in November were recorded at Somerset House in the Chevy Chase neighborhood of Friendship Heights. Most notable was the full-price sale of Unit 604 — a 2500 sq. ft. residence in the Parc Somerset building. The 2-bedroom, 2.5 bath residence includes a gracious entry foyer, two balconies, eat-in kitchen, large entertaining rooms, fireplace, several walk-in closets, separate laundry room and two parking spaces. In immaculate condition, the closing price was $2,550,000.

Another Somerset House sale was Unit 107, a rare 1st floor offering in Somerset Building II with private access from a 255 sq. ft. wraparound terrace. The 2-bedroom, 2.5 bath property was listed at $2,175,000 and sold for $1,850,000.

Back in Kalorama at The Wyoming, one of the Most Grande of our “It” Buildings, a third 2-bedroom, 2.5 bath penthouse with upgrades everywhere closed at $1,525,000.

Highest Sales Prices – November, 2013

$2,550,000

Somerset House

Friendship Heights

$1,850,000

Somerset House

Friendship Heights

$1,525,000

The Wyoming

Kalorama

$1,400,000

Somerset House

Friendship Heights

$1,080,000

Flats at Union Row

U Street Corridor

$899,000

Kalorama Lofts

Adams Morgan

For The Most Units Sold, Winners Came from U-Street, Friendship Heights and Arlington!

Three buildings tied for first place among Most Units Sold:  U-Street’s Flats at Union Row, Somerset House in Friendship Heights, and The Odyssey in Arlington’s Rosslyn section.

Most Units Sold – November, 2013

  3

Flats at Union Row

Somerset House

The Odyssey

U Street Corridor

Friendship Heights

Arlington

2

City Vista

Clara Barton

Kalorama Lofts

Mount Vernon Triangle

Penn Quarter

Adams Morgan

Buyers Saw What The Wanted And Paid To Get It!

People who pay more than the list price are a determined lot. In November, they let their money do the talking in Logan Circle, U-Street, Mount Vernon Triangle and Arlington to capture their must-have condos at Logan  StationFlats at Union Row, 2020 LoftsCity Vista,, 555 Mass and The Odyssey.

Highest List-To-Sales Ratio – November, 2013

106.01%

Logan  Station

Logan Circle

105.17%

Flats at Union Row

U Street Corridor

105.04%

2020 Lofts

U Street Corridor

103.01%

City Vista

Mount Vernon Triangle

102.93%

555 Mass

Mount Vernon Triangle

101.80%

The Odyssey

Arlington

Somerset House — Over $1,000 Per Sq. Ft.

Big, beautiful Penthouse Unit #604 at Somerset House captured $1,020 a square foot for its lavishly appointed spaces. Take it from me, it was worth it!

Highest $ Per Sq. Ft. – November, 2013

$1,020.82

Somerset House

Friendship Heights

$896.62

22 West

West End

$792.21

The Wyoming

Kalorama

$754.30

Flats at Union Row

U Street Corridor

$673.44

555 Mass

Mount Vernon Triangle

$657.89

2020 Lofts

U Street Corridor

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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