August Kept The Heat On The DC Luxury Penthouse Market.

High prices, bidding wars, even zero days on market were part of the story on both sides of the Potomac throughout August.

Properties In Maryland, DC And Virginia Commanded Top Sales Prices

 

Somerset House

 

Three of our “IT” Buildings took the top spots for Highest Sales Prices in August:

  • At Somerset House in Friendship Heights, Unit 801 sold for $4,100,000 that’s for a 3-bedroom 4-and-a-half bath penthouse with 3600 spectacular square feet.
  • At the Ritz-Carlton West End, Unit Five, a 3-bedroom 3-bath stunner with almost 3,100 square feet, captured $3,250,000.
  • At Turnberry Tower in Arlington, Unit 2009 sold for $2,550,000 — that’s for a 2-bedroom 3-and-a-half bath with 2,655 square feet.

Highest Sales Prices – August, 2015

$4,100,000.00

Somerset House

Friendship Heights

$3,250,000.00

  Ritz-Carlton West End

West End

$2,550,000.00

Turnberry Tower

Arlington

$1,850,000.00

Lionsgate

Bethesda

$1,650,000.00

Kalorama

$1,450,000.00

1661 Crescent Place

Adams Morgan

 

555 Masspic-57493.650

pic_331389.650555 Mass, City Vista And The Artisan Sold Four Units Each.

Two Mount Vernon Triangle buildings, 555 Mass and City Vista sold four residences each, as did The Artisan in Penn Quarter. Highlights included:

  • At 555 Mass, a 2-bedroom 2-bath condo sold for full price at $639,555.
  • City Vista Unit 330, a 2-bedroom 1-bath was listed for $539,000 and closed at $549,000.
  • Unit 408 at The Artisan in Penn Quarter brought in $460,000 for a 1-bedroom 1-bath property.

Most Units Sold – August 2015

4

555 Mass

Mount Vernon Triangle

City Vista

Mount Vernon Triangle

The Artisan

Penn Quarter

3

The Atrium

Arlington

  Ritz-Carlton West End

West End

Somerset House

Friendship Heights

The Watergate

Foggy Bottom

pic_327217.650

Highest List-To-Sales Honors Went To The Watergate

Unit 801 at The Watergate, a 2-bedroom, 2-and-a-half bath condo, was listed for $499,000 and when the bidding ended, closed for $580,000.

Highest List-To-Sales Ratio – August, 2015

116.23%

The Watergate

Foggy Bottom

103.50%

The Artisan

Penn Quarter

103.17%

The Whitman

Mount Vernon Triangle

103.09%

555 Mass

Mount Vernon Triangle

102.78%

The Floridian

U Street Corridor

102.56%

The Lafayette

Penn Quarter

Somerset House

 Somerset House Captured Highest Price Per Sq. Ft.

Somerset House Unit 801, a 3-bedroom 4-and-a-half bath penthouse with 3600 square feet, took honors for highest price per square foot with $1,138.89.

Highest $ Per SF – August, 2015

$1,138.89

Somerset House

Friendship Heights

$1,124.20

22 West

West End

$1,049.74

Ritz-Carlton West End

West End

$978.28

City Center

Mount Vernon Triangle

$960.45

Turnberry Tower

Arlington

$815.14

The Waterview

Arlington

Ritz-Carlton West End

Ritz-Carlton West End Ranked Highest in New Listings — Again!

Another spectacular Ritz-Carlton West End penthouse entered the market, offering 4-bedrooms, 5-and-a-half baths, and 1400 S/F of terraces with skyline views. Take the tour!

Highest Price New Listings – August, 2015

$4,250,000

Ritz-Carlton West End

West End

$3,300,000

The Watergate

Foggy Bottom

$2,495,000

2501 Pennsylvania

West End

 

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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