The Groundhog Saw His Shadow And The Capital Region Saw Real Opportunity in February!

Throughout the Capital Region in February, buyers snapped up properties – even bidding up the price when the residence warranted the investment. One spectacular home in Somerset House managed to appear in all four of our statistical categories, placing first in three!

With Highest Sale Price Of $2,850,000, Somerset House Lit Up Friendship Heights! 

somerset houseSomerset House in Friendship Heights topped the chart in February with an irresistible 3-Bedroom, 3-Bath Penthouse, listed for $2.695 Million and sold at $2.85 Million. In West End, a 2-Bedroom, 2.5-Bath condo at 2501 Pennsylvania went for $1.7 Million, while Arlington’s Wooster and Mercer Lofts captured a sale of  $1,135,000 for a 2-Bedroom, 2.5 Bath unit in the Wooster building.

Highest Sales Prices – February, 2014

$2,850,000

Somerset House

Friendship Heights

$1,700,000

2501 Pennsylvania

West End

$1,125,000

Wooster and Mercer

Arlington

$1,120,000

The St. Nicholas

Kalorama

$1,000,000

Flour Mill

Georgetown

$530,000

The Whitman

Mt. Vernon

 

Three Units At Wooster And Mercer Totaled Three Million!

Wooster and Mercer Lofts Also in Arlington, Atrium sold two units matching Friendship Heights‘ Somerset House, and Mt. Vernon Triangle’s 555 Mass, City Vista and The Whitman.

Most Units Sold – February, 2014

  3

Wooster and Mercer

Arlington

 2

555 Mass

Mt. Vernon

Atrium

Arlington

City Vista

Mt. Vernon

Somerset House

Friendship Heights

The Whitman

Mt. Vernon

With A Closing Price of 5.75 Percent Over List, Somerset House Topped March!

Somerset House - Roof DeckSecond and Third place went to Mt. Vernon’s The Whitman and Yale Steam Laundry.

Highest List-To-Sales Ratio – February, 2014

105.75%

Somerset House

Friendship Heights

101.26%

The Whitman

Mt. Vernon

100.50%

Yale Steam Laundry

Mt. Vernon

100.03%

The Artisan

Penn Quarter

100.00%

555 Mass

Mt. Vernon

100.00%

City Vista

Mt. Vernon

 

Once Again, Somerset House Led With Highest Dollar Per Sq. Ft.

somerset4In Friendship Heights, a Somerset House 3 Bedroom, 3 Bath Penthouse commanded $1,140.91 per sq. ft.!

Highest $ Per Sq. Ft. – February, 2014

$1,140.91

Somerset House

Friendship Heights

$773.08

2501 Pennsylvania

West End

$658.00

Madrigal Lofts

Mt. Vernon

$654.42

The Whitman

Mt. Vernon

$647.15

The Odyssey

Arlington

$628.51

The St. Nicholas

Kalorama

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 *