The DC Luxury Condo And Penthouse Market Took Off Like A Rocket in April 2014!

As the mercury rose in the Capital Region in April, aggressive buyers jumped at opportunities throughout the DC Luxury Condo Market.

somerset1

Luxury Residence At Somerset House in Friendship Heights Sold For $8.65 Million!

Unit 1801 at Somerset House, a 4-bedroom 4.5 bath residence with 3,400 sq. ft. took first place, closing for $8,650,000. Over in Rosslyn, The Waterview unit 3001 sold for $3,750,000 — a quarter million above list for 4 bedrooms and 3.5 baths spread over 4,528 sq. ft. And in West End, the Ritz-Carlton penthouse SPH2A scored $3,450,000 for 4 bedrooms, 5.5 baths and 3,447 sq. ft.

Highest Sales Prices – April, 2014

$8,650,000

Somerset House

Friendship Heights

$3,750,000

The Waterview

Arlington

$3,450,000

Ritz-Carlton West End

West End

$1,890,000

Cooper Lewis

Logan Circle

$1,800,000

Lofts At Adams Morgan

Adams Morgan

$1,500,000

The Wyoming

Kalorama

 

City Vista

Six Units Sold At Mt. Vernon’s City Vista

For the second month in a row, City Vista in Mt. Vernon led the market with six sales. The Watergate in Foggy Bottom was next with five units sold.

Most Units Sold – April, 2014

6

City Vista

Mt. Vernon

5

The Watergate

Foggy Bottom

4

Somerset House

The Whitman

Friendship Heights

Mt. Vernon

 3

Flats at Union Row

U-Street

2

Gallery Place

Madrigal Lofts

The Floridian

Lofts At Adams Morgan

The Waterview

The Wyoming

Yale Steam Laundry

Chinatown

Mt. Vernon

U-Street

Adams Morgan

Arlington

Kalorama

Mt. Vernon

The Wyoming

The Wyoming in Kalorama Sold at 112.70% of List!

Following The Wyoming five other buildings sold above list including The Waterview, Flats at Union Row, Cooper Lewis, The Floridian and City Vista.

Highest List-To-Sales Ratio – April, 2014

112.70%

The Wyoming

Kalorama

107.14%

The Waterview

Arlington

105.92%

Flats at Union Row

U-Street

105.01%

Cooper Lewis

Logan Circle

104.30%

The Floridian

U-Street

102.80%

City Vista

Mt. Vernon

Somerset House

For Highest Dollar Per Sq. Ft., Somerset House Commanded an Amazing $2,544.12!

Other leaders were Ritz West End, The Odyssey, Cooper Lewis, The Waterview and Metropole.

Highest $ Per Sq. Ft. – April, 2014

$2,544.12

Somerset House

Friendship Heights

$1,000.87

Ritz-Carlton West End

West End

$995.21

The Odyssey

Arlington

$945.00

Cooper Lewis

Logan Circle

$828.18

The Waterview

Arlington

$707.07

Metropole

Logan Circle

 

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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