As Spring Arrived, The DC Luxury Penthouse Market Remained Strong.

Every day in March, bidding wars and creative deal making sustained the market for luxury condos throughout the Capitol Region.

 

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West End Luxury Condos Scored First And Second Highest Prices

Three of our IT Buildings topped the rankings for Highest Sales Prices.

  • Unit 7D at 22 West sold for $2,550,000 — an eye-opening price for a stunning residence with 2 bedrooms, 3 baths and 2,337 sq. ft.
  • At the Ritz-Carlton West End, $1,695,000 closed the deal on Penthouse 3N in the north tower. This 2-bedroom, 2.5-bath property includes 2,059 sq. ft.
  • Across the Potomac, Turnberry Tower Unit 1710 commanded full price for an 1,812 sq. ft. residence with 2 bedrooms and 2.5 baths.

Highest Sales Prices – March, 2015

$2,550,000

22 West

West End

$1,695,000

Ritz-Carlton West End

West End

$1,649,000

Turnberry Tower

Arlington

$1,355,000

St Nicholas

Kalorama

$1,185,000

Atrium

Arlington

$965,000

Chase Point

Friendship Heights

Clara Barton

Five Buildings Shared Sales At The Top With Two Units Each

Sharing the top for Most Units Sold, five buildings scored two sales each: Clara Barton in Penn Quarter, The Flats at Union Row in U Street Corridor, Ritz-Carlton West End, Solo Piazza in Logan Circle and Ten Ten Mass in Mount Vernon Triangle.

  • At Clara Barton, a 1-bedroom, 1-bath condo sold for $450,000 — that’s $5,100 more than list.

Most Units Sold – March 2015

2

Clara Barton

Penn Quarter

The Flats at Union Row

U Street Corridor

Ritz-Carlton West End

West End

Solo Piazza

Logan Circle

Ten Ten Mass

 Mount Vernon Triangle

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The St. Nicholas Sold For 104.31% Over List

Kalorama was the scene for a winning bid on St. Nicholas Unit 3AE, where a 3-bedroom, 2.5-bath condo sold for $1,355,000 — that’s $56,000 over list.

Highest List-To-Sales Ratio – March, 2015

104.31%

St Nicholas

Kalorama

102.77%

Wooster and Mercer

Arlington

102.45%

City Vista

Mount Vernon Triangle

101.84%

The Flats at Union Row

U Street Corridor

101.69%

Solo Piazza

Logan Circle

101.67%

Ten Ten Mass

Mount Vernon Triangle

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For The Second Straight Month, A 22 West Condo Scored Highest Price Per Sq. Ft.

22 West is one of our favorite West End buildings. In March, Unit 7D, with two bedrooms and two baths, sold for $1,091.14 per sq. ft.

Highest $ Per Sq. Ft. – March, 2015

$1,091.14

22 West

West End

$910.04

Turnberry Tower

Arlington

$869.31

City Center

Mount Vernon Triangle

$866.20

Ritz-Carlton West End

West End

$833.66

Wooster and Mercer

Arlington

$784.97

The Lofts at Adams Morgan

Adams Morgan

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New Listings For March Soared With A Huge Condo At Ritz-Carlton West End

The numbers are amazing: 4 Bedrooms. 5 Baths. 5,664 Square Feet. $6,950,000. One of only two Presidential Penthouses, available right now at the Ritz-Carlton West End. It’s a must-see.

Highest Price New Listings – March, 2015

$6,950,000

Ritz-Carlton West End

West End

$3,900,000

Somerset House

Friendship Heights

$3,500,000

The Oronoco

Alexandria

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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