Many Buyers Liked It Hot In The DC Luxury Penthouse Market In August

The Market Leaders in August included City Center with Highest Sales Price and Highest Price Per Sq. Ft., while six buildings captured three sales each.

City Center

City Center Topped The Charts For Highest Sale Price & More!

In Mount Vernon Triangle, Unit 615 at City Center sold above list at $2,302,100 for a 2-bedroom, 2½-bath unit in 1,614 Sq. Ft. In second place was Chase Point in Friendship Heights where a large 2-bedroom 2½-bath penthouse sold for $1,600,000. Down in West End at 22 West, $1,429,500 was the closing price for a 2-bedroom 2-bath.

Highest Sales Prices – August, 2014

$2,302,100

City Center

Mount Vernon Triangle

$1,600,000

Chase Point

Friendship Heights

$1,429,500

22 West

West End

$1,255,000

The Northumberland

Dupont Circle

$1,130,000

Mather Studios

Chinatown

$1,120,000

Metropole

Logan Circle

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The Columbia

Six Buildings Each Sold Three Properties In August

The volume rose everywhere in the DC Luxury Condo Market with six buildings recording a trio of sales each: The Columbia and 22 West in West End, Gallery Place in Chinatown, 555 Mass in Mount Vernon Triangle, The Watergate in Foggy Bottom, and The Waterview in Arlington.

Most Units Sold – August, 2014

   3

22 West

West End

555 Mass

Mount Vernon Triangle

Gallery Place

Chinatown

The Columbia

West End

The Watergate

Foggy Bottom

The Waterview

Arlington

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Music At The Sonata  — 102.67% Over List!

Buyers loved the performance at The Sonata in Mount Vernon Triangle, paying $10,000 above list for a 1-bedroom, 1-bath condo. Five more buildings marked sales above 100 percent of list including City Center.

Highest List-To-Sales Ratio – August, 2014

102.67%

The Sonata

Mount Vernon Triangle

101.91%

Metropole

Logan Circle

101.87%

555 Mass

Mount Vernon Triangle

100.88%

Delancey Lofts

Adams Morgan

100.70%

City Center

Mount Vernon Triangle

100.03%

The Artisan

Penn Quarter

 

City Center Topped Again With Highest Per Sq. Ft.!

A 2-bedroom, 2½-bath unit in Mount Vernon Triangle, Unit 615 at City Center, closed at $1,426 per Sq. Ft.

Highest $ Per Sq. Ft. – August, 2014

$1,426.33

City Center

Mount Vernon Triangle

$1,032.51

22 West

West End

$936.94

Flats at Union Row

U Street Corridor

$906.15

Metropole

Logan Circle

$851.77

The Sonata

Mount Vernon Triangle

$802.25

The Columbia

West End

3303-Water-St-Exterior-fr-Canal-293x300oronocoDC8353696 - Exterior (General)

The Highest Price New Listings For August Are Already Gone!

Talk about a hot market! The top three new listings — 3303 Water Street in GeorgetownThe Oronoco in Alexandria and 1055 High in Georgetown — are sold or under contract.

 

Highest Price New Listings – August, 2014

$6,250,000

3303 Water Street

Georgetown

$3,195,000

The Oronoco

Alexandria

$5,550,000

1055 High

Georgetown

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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