The DC Luxury Penthouse Market Was Scary In October!

 

Clara Barton

Clara Barton

3303 Water Street
3303 Water Street 

Bidding wars, landmark sales, newcomers in every category…October was a hair-raising month long before Halloween. Market leaders included the Clara Barton in Penn Quarter, topping the list of Most Units Sold with six! And for the second month in a row, 3303 Water Street of Georgetown led two categories — Highest Sales Price and Highest Price Per Sq. Ft.

$6 Million For A 3303 Water Street Four Bedroom Penthouse!

3303 Water Street

3303 Water Street

2501 Pennsylvania

2501 Pennsylvania

Somerset House

Somerset House

 

 

 

 

 

With multiple places on our IT Buildings List including Most Luxurious, Best Views, Most Modern, and Best Roof Decks, 3303 Water Street is the perfect Georgetown address. And $6 Million was the price for an amazing property — Unit N-8, a stunning 4-bedroom, 4.5-bath condo with a 3,754 Sq. Ft. floor plan.

Just next door in West End at 2501 Pennsylvania (another of our IT Buildings selected for Best Views and Best Private Outdoor Spaces), Penthouse 2A closed at $3 Million for a stunning 2-bedroom, 2.5-bath.

Another of our IT Buildings, chosen for the Most Luxurious and Best Private Outdoor Spaces, Somerset House placed third with Unit I-406 at $1.9 Million. This 2-bedroom, 2.5-bath condo was one of five Somerset House sales in October.

Highest Sales Prices – October, 2014

$6,000,000

3303 Water Street

Georgetown

$3,000,000

2501 Pennsylvania

West End

$1,900,000

Somerset House

Friendship Heights

$1,783,000

The Watergate

Foggy Bottom

$1,350,000

Turnberry Tower

Arlington

$1,335,000

The Edgemoor at Arlington

Bethesda

Clara Barton

Clara Barton

The Most Units Sold In October — Clara Barton.

The modern Clara Barton in Penn Quarter — an IT Buildings choice for Best Roof Decks — topped all buildings with six units sold.

Most Units Sold – October, 2014

 6

Clara Barton

Penn Quarter

 5

Somerset House

Friendship Heights

The Watergate

Foggy Bottom

 4

Madrigal Lofts

Mount Vernon Triangle

Turnberry Tower

Arlington

Yale Steam Laundry

Mount Vernon Triangle

:ofts At Adams Morgan

The Lofts At Adams Morgan

Highest List-To-Sales Ratio Was Recorded At The Lofts At Adams Morgan

Looks like a bidding war drove up the price of Unit 328 at The Lofts At Adams Morgan. The winners paid $535,000 for a 2-bedroom, 2-bath condo — that’s 109.52% over the $488,500 list price.

Highest List-To-Sales Ratio – October, 2014

109.52%

The Lofts At Adams Morgan

Adams Morgan

103.51%

City Vista

Mount Vernon Triangle

101.80%

The Whitman

Mount Vernon Triangle

101.78%

Lofts 14

Logan Circle

101.69%

Yale Steam Laundry

Mount Vernon Triangle

101.16%

555 Mass

Mount Vernon Triangle

Modern Lobby with Door Man

3303 Water Street Lobby with Door Man

Three Properties Sold At Over $1,000 $ Per Sq. Ft.

At $1,598.30 per Sq. Ft., 3303 Water Street Unit N-8 in Georgetown was an irresistible living space.

Highest $ Per Sq. Ft. – October, 2014

$1,598.30

3303 Water Street

Georgetown

$1,273.89

2501 Pennsylvania

West End

$1,036.02

22 West

West End

$820.67

Turnberry Tower

Arlington

$804.15

Ritz-Carlton West End

West End

$787.88

City Center

Mount Vernon Triangle

oronoco

The Oronoco

The Oronoco Was The Highest Price New Listing For October

At $4,495,000, this 3-bedroom, 3.5-bath condo in Alexandria was one of six fabulous listings at The Oronoco.

Highest Price New Listings – October, 2014

$4,495,000

The Oronoco

Alexandria

$3,400,000

Ritz-Carlton Georgetown

Georgetown

$2,795,000

The Watergate

Foggy Bottom

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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