The DC Luxury Condo And Penthouse Market Blossomed in May 2014!

May was a merry month in the Capital Region, with luxury condo sales flourishing throughout DC, Virginia and Maryland.

Ritz West End Photo

Three Sales At Ritz-Carlton West End Including A Stunning $2,350,000 Penthouse!

Residence N6E at Ritz-Carlton West End, a 3-bedroom 3.5 bath residence with just over 3,000 sq. ft. took first place, closing for $2,350,000. And two other properties in the Ritz sold for $1.7 million and $1.3 million in the same month. Mt. Vernon was the scene of a $1,875,000 sale at Ten Ten Mass for a 2-bedroom, 3.5 bath condo. And in Arlington, our listing at Mercer sold for full price at $1,630,000 in Private Placement.

Highest Sales Prices – May, 2014

$2,350,000

Ritz-Carlton West End

West End

$1,875,000

Ten Ten Mass

Mt. Vernon

$1,630,000

Wooster and Mercer

Arlington

$1,310,000

Chase Point

Friendship Heights

$1,250,000

The Watergate

Foggy Bottom

$1,150,000

Turnberry Tower

Arlington

The Watergate Complex

Six Units Sold At The Watergate in Foggy Bottom

Once again, The Watergate in Foggy Bottom led the charts for most units sold with six. The Ritz-Carlton West End and The Lafayette in Penn Quarter tied with four sales each.

Most Units Sold – May, 2014

6

The Watergate

Foggy Bottom

4

Ritz-Carlton West End

The Lafayette

West End

Penn Quarter

3

City Vista

The Odyssey

Mt. Vernon

Arlington

Metropole

The Metropole in Logan Circle sold at 108.1% of List!

Following Metropole, five other buildings sold above list including The Watergate, Solo Piazza, City Vista, Wooster and Mercer and Residences at Market Square.

Highest List-To-Sales Ratio – May, 2014

108.10%

Metropole

Logan Circle

105.26%

The Watergate

Foggy Bottom

105.02%

Solo Piazza

Logan Circle

104.53%

City Vista

Logan Circle

103.00%

Wooster and Mercer

Arlington

102.96%

Residences at Market Square

Penn Quarter

 

res at market 1

For Highest Dollar Per Sq. Ft., Residences at Market Square Closed at $975.84!

Other leaders were City Center, Ten Ten Mass, Ritz-Carlton West End, Metropole and Wooster and Mercer.

Highest $ Per Sq. Ft. – May, 2014

$975.84

Residences at Market Square

Penn Quarter

$916.51

City Center

Mt. Vernon

$827.45

Ten Ten Mass

Mt. Vernon

$823.92

Ritz-Carlton West End

West End

$810.81

Metropole

Logan Circle

$798.63

Wooster and Mercer

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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