Hot Spots All Over The DC Luxury Penthouse Market In January.

2015 Kicked off in dramatic form in January as DC penthouse buyers and sellers celebrated with gusto. Lofts 14 in Logan Circle and Mather Studios in Chinatown both had new high sales prices, and The Watergate started the New Year with eight units sold in Foggy Bottom.

pic_561675.650Parc Somerset #704: Listed on the 1st, Settled on the 31st, $50K Over List!

On New Year’s Day, Unit 704 at Parc Somerset in Friendship Heights was listed for $2,600,000. A luxuriously large 2-bedroom, 3-bath condo with just under 2,500 sq. ft., more than one buyer wanted this one. On January 31, the property settled for $2,650,000. A cool $50K above the list price.

 

 

A Washington Harbour penthouse in Georgetown took the opposite route. A 2-bedroom 2-bath overlooking the Potomac settled for $2,250,000 — that’s $350,000 below list. Ouch.

In third place in the Highest Sales Prices standings was Unit 7A at Ritz Carlton West End. This 2-bedroom 3.5-bath residence went for $2,250,000.

Highest Sales Prices – January, 2015

$2,650,000

Somerset House

Friendship Heights

$2,250,000

Washington Harbour

Georgetown

$2,175,000

Ritz-Carlton West End

West End

$1,925,000

The Watergate

Foggy Bottom

$1,480,000

3303 Water Street

Georgetown

$1,288,000

22 West

West End

pic_327217.650

Eight Condos At The Watergate Sold in January!

The Watergate in Foggy Bottom was the site of eight sales including a 2-bedroom, 3-bath condo that settled for 1,925,000. The Whitman in Mount Vernon Triangle sold four units, followed by Arlington’s Atrium with three sales.

Most Units Sold – January 2015

8

The Watergate

Foggy Bottom

4

The Whitman

Mount Vernon Triangle

3

Atrium

Arlington

2

Adams Row

Adams Morgan

Flour Mill

Georgetown

Ritz-Carlton West End

West End

Ventana

Penn Quarter

555 Mass

555 Mass Marked Highest List-To-Sales Price.

With a price $20,000 above list, 555 Mass in Mount Vernon Triangle sold for 103.42% of list price.

Highest List-To-Sales Ratio – January, 2015

103.42%

555 Mass

Mount Vernon Triangle

102.45%

City Vista

Mount Vernon Triangle

101.92%

Somerset House

Friendship Heights

101.49%

Metropole

Logan Circle

100%

2029 Connecticut

Kalorama

100%

3303 Water Street

Georgetown

 

Somerset House

Highest Price Per Sq. Ft. Went To Somerset House.

With every one of its 2,500 square feet in luxurious form, this 3-bedroom in the Parc Somerset building sold for $1,060.85 per sq. ft.

Highest $ Per Sq. Ft. – January, 2015

$1,060.85

Somerset House

Friendship Heights

$1,051.88

3303 Water Street

Georgetown

$1,026.29

22 West

West End

$839.66

2029 Connecticut

Kalorama

$803.57

Washington Harbour

Logan Circle

$800.58

The Waterview

Arlington

 

MC8529663 - FoyerSomerset House Marked The Highest Price New Listing For January!

 

Up on Wisconsin Avenue in Friendship Heights, a very special Parc Somerset 3-bedroom, 4.5-bath residence with 4,517 Sq. Ft. is listed for $5,500,000. Don’t wait to see it.

Highest Price New Listings – January, 2015

$5,500,000

Somerset House

Friendship Heights

$5,300,000

1055 High

Georgetown

$3,095,000

Turnberry Tower

Arlington

 For more information about recent sales or to discuss buying or selling a luxury property in the Capital Region, contact Jeff Wilson or Daniel Heider at your convenience.

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