Somerset House Put The DC Luxury Penthouse Market Over The Top In April

Sales were strong throughout the Capital Region in April, with huge sales recorded in Maryland, Virginia and The District. Somerset House in Friendship Heights topped sales charts in three categories and took second place in the fourth.

Somerset House

Somerset House Penthouse Sold for $5 Million Plus!

All six of the top sales were Life At The Top IT Buildings.

  • Leading this category was a 4,527 SF penthouse at Parc Somerset in Friendship Heights — the 3-bedroom, 4.5-bath stunner was listed for $5,500,000 and closed at $5,010,000.
  • Over in Arlington, a one-of-a-kind Turnberry Tower Penthouse TS09 sold for $just over $3 Million.
  • In the north tower at the Ritz-Carlton West End, penthouse NP2C sold for full price at $1,900,000. This 3-bedroom, 3-bath residence included 2,457 SF.

Highest Sales Prices – April, 2015

$5,010,000

Somerset House

Friendship Heights

$3,047,500

Turnberry Tower

Arlington

$1,900,000

Ritz-Carlton West End

West End

$1,305,000

Memorial Overlook

Arlington

$1,200,000

Q 14

Logan Circle

$1,125,000

The Residences at Market Square

Penn Quarter

 

Somerset House

Eight Units In The Somerset House Community Sold In April

Owning the top for Most Units Sold, Somerset House in Friendship Heights recorded a total of $18 Million Plus in sales with prices ranging from $600 Thousand to just over $5 Million.

Most Units Sold – April 2015

8

Somerset House

Friendship Heights

3

The Flats at Union Row

U Street Corridor

The Residences at Market Square

Penn Quarter

The Watergate

Foggy Bottom

2

City Vista

Mount Vernon Triangle

Q 14

Logan Circle

Ritz-Carlton West End

West End

Ten Ten Mass

Mount Vernon Triangle

The Pennsylvania

Penn Quarter

The Waterview

Arlington

MC8581777_0

Buyers Were Relentless In The Pursuit Of Their Chosen Buildings

Once again, Somerset House took first place in a category — Unit 802 was listed for $1,950,000 and closed over $500,000 above list. At 128.21% above list, the 2-bedroom 2-bath condo caused a bidding war with very aggressive buyers.

Another IT Building, Q14 in Logan Circle was close behind when unit 305 commanded $1,200,000 for a 2-bedroom 2.5-bath listed for $999,900.

Highest List-To-Sales Ratio – April, 2015

128.21%

Somerset House

Friendship Heights

120.01%

Q 14

Logan Circle

106.68%

The Flats at Union Row

U Street Corridor

105.85%

Meridian Crescent

Adams Morgan

104.20%

Adams Row

Adams Morgan

103.81%

Yale Steam Laundry

Mount Vernon Triangle

1881_N_Nash_Street_2204_85370_092_11122014RS

Top Dollar Per SF Was Earned By Turnberry Tower

Over in Arlington, that one-of-a-kind Turnberry Tower penthouse grabbed Highest Dollar Per SF with $1,147.83.

Highest $ Per SF – April, 2015

$1,147.83

Turnberry Tower

Arlington

$1,116.99

Somerset House

Friendship Heights

$900

The Residences at Market Square

Penn Quarter

$838.57

Q 14

Logan Circle

$833.33

The Waterview

Arlington

$792.30

Ritz-Carlton West End

West End

 

NEWORWATERFRONT

3,000 SF Of Magnificence At The Oronoco Grabbed Top New Listing!

With an 80-foot wide river view outdoor space and Potomac views from every room, this 3-bedroom, 2.5-bath earns its $3,925,000 price with lavish style. The Oronoco is one of our amazing IT Buildings, selected in multiple collections including Best Views, Most Modern, Best Conversion and Best Private Outdoor Spaces.

Highest Price New Listings – April, 2015

$3,925,000

The Oronoco

Alexandria

$2,995,000

Turnberry Tower

Arlington

$2,400,000

The Waterview

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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