July Fireworks Set The Theme For The DC Luxury Penthouse Market

The heights were ablaze with action on both sides of the Potomac throughout the month of July. It’s a great time for new construction and re-sales in favorite buildings!

DC8353696 - Exterior (General)

Wormley School- exterior

Somerset House

Three of The Top Six Sales Were Recorded in Georgetown.

At 1055 High, Unit 4-W captured hearts and $5,000,000 — the 3-bedroom, 3-and-a-half bath residence in a brand new Eastbanc building on the C&O Canal is pure amazement.

Located in an 1885 conversion, Wormley School has just seven residences including Unit 1. With 2 bedrooms and 2-and-a-half baths, this property received top grades and sold for $2,450,000.

At the opposite end of Wisconsin Avenue in Friendship Heights, a 2-bedroom, 2-and-a-half-bath Somerset House condo fetched full list price at $2,000,000.

Highest Sales Prices – July, 2015

$5,000,000.00

1055 High

Georgetown

$2,450,000.00

Wormley School

Georgetown

$2,000,000.00

Somerset House

Friendship Heights

$1,650,000.00

Lionsgate

Bethesda

$1,600,000.00

Ritz-Carlton West End

West End

$1,595,000.00

3303 Water Street

Georgetown

pic_330227.650pic-57493.650Atrium and City Vista Topped Most Units Sold at Four Each

Unit 1325 In The Atrium in Arlington closed for $985,000 for a 3-bedroom, 2-and-a-half bath unit — one of 4 sales in July. At City Vista in Mount Vernon Triangle, Unit 811 was one of four sales in July. Tied at 3 sales in July, the winners were 555 Mass in Mount Vernon Triangle, The Flats at Union Row in U Street Corridor, Somerset House in Friendship Heights, and The Watergate in Foggy Bottom.

Most Units Sold – July 2015

4

The Atrium

Arlington

City Vista

Mount Vernon Triangle

3

555 Mass

Mount Vernon Triangle

The Flats at Union Row

U Street Corridor

Somerset House

Friendship Heights

The Watergate

Foggy Bottom

pic_326746.650U Street’s Flats At Union Row Topped Highest Price Above List

Listed at $669,495 and sold at $718,000, Unit 316 in The Flats at Union Row scored 107.25% over list.

Highest List-To-Sales Ratio – July, 2015

107.25%

The Flats at Union Row

U Street Corridor

104.42%

Ten Ten Mass

Mount Vernon Triangle

104.20%

The Carthage

Kalorama

104.01%

555 Mass

Mount Vernon Triangle

104.01%

2020 Lofts

U Street Corridor

103.57%

Yale Steam Laundry

Mount Vernon Triangle

pic_554814.6501055 High Hit Highest Price Per Sq. Ft.

When it closed for $5,000,000, Unit 4-W at 1055 High in Georgetown earned a price per sq. ft. of $1,516.

Highest $ Per SF – July, 2015

$1,516.53

1055 High

Georgetown

$1,177.73

22 West

West End

$908.19

City Center

Mount Vernon Triangle

$882.52

Ritz-Carlton West End

West End

$860.25

Wormley School

Georgetown

$857.53

3303 Water Street

Georgetown

pic_561668.650Ritz-Carlton West End Ranked Highest in New Listings!

The stunning Ritz-Carlton West End penthouse was renovated from a 5 bedroom to a 3 bedroom with an extraordinary mahogany library and climate-controlled wine cellar. Also features an upper level solarium with a large rooftop terrace, 3 additional terraces totaling 2,200 sq. ft. and 3 reserved parking spaces. The tour starts here!

Highest Price New Listings – July, 2015

$6,900,000

Ritz-Carlton West End

West End

$6,100,000

3303 Water Street

Georgetown

$4,670,000

Quarry Springs

Bethesda

LifeAtTheTop.com is the ultimate resource with the right properties, the right firm, and the right agents. If you’re thinking of a move, you owe it to yourself to start a conversation with Jeff Wilson and Daniel Heider. Make sure you have every advantage possible working in your favor.

 

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