The DC Luxury Penthouse Market — Going Strong All November Long

Throughout November, Life At The Top tracked luxury condo sales in the Capital Region. Interesting developments included renewed activity in Logan Circle where Cooper Lewis had its first sale in 19 months. Meanwhile two other buildings had their first sales in 15 months — Lot 33 in Adams Morgan and City Overlook in U Street Corridor.

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Once Again, City Vista Captured Most Units Sold With Five

At this writing there are no properties are available at City Vista at this time, so it will probably be awhile before the building matches its recent sales records. An “It” Building in Mount Vernon Triangle with high demand, five units were sold in November after six units were sold in October.

 

Most Units Sold – November 2015

5

City Vista

Mount Vernon Triangle

3

The Waterview

Arlington

2

Delancey Lofts

Adams Morgan

Union Row

U Street Corridor

Madrigal Lofts

Mount Vernon Triangle

Somerset House

Friendship Heights

Ten Ten Mass

Mount Vernon Triangle

The Watergate

Foggy Bottom

The Watergate Complex

Highest Sales Price In November Was Captured At The Watergate

  • Leading the market was a 3-bedroom 3-bath at The Watergate in Foggy Bottom. The combined units 604/605 boasted 3,250 SF. Listed at $2,950,000, the closing price was $2,700,000.
  • Up in Bethesda, Unit 301 at The Edgemoor at Arlington sold for $1,775,000. With 2 bedrooms and 2-and-a-half baths, the floorplan measured 2,594 SF.
  • City Center in Mount Vernon Triangle was home to a mini-bidding war. Unit 712 sold for $1,370,000, which was $30,000 over list for the 2-bedroom, 2-and-a-half bath residence.

 

Highest Sales Prices – November, 2015

$2,700,000

The Watergate

Foggy Bottom

$1,775,000

The Edgemoor at Arlington

Bethesda

$1,370,000

City Center

Mount Vernon Triangle

$1,360,000

The Carthage

Kalorama

$1,250,000

Turnberry Tower

Arlington

$1,240,000

Willison

Logan Circle

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Meridian Crescent in Adams Morgan Took Highest List-To-Sales Ratio

Listed at $1,089,000, Unit 214 at Meridian Crescent in Adams Morgan sold for $1,214,215 or 111.50% above list.

 

Highest List-To-Sales Ratio – November, 2015

111.50%

Meridian Crescent

Adams Morgan

110.83%

City Vista

Mount Vernon Triangle

106.53%

Adams Row

Adams Morgan

103.13%

Somerset House

Friendship Heights

102.56%

Wooster and Mercer Lofts

Arlington

102.24%

City Center

Mount Vernon Triangle

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Cooper Lewis Scored Over $1,000 Per SF

With its first sale in 19 months, the Cooper Lewis Unit 501 was a full-price sale at $1,200,000. The 2-bedroom 2-bath property sold for $1,019.54 per SF.

 

Highest $ Per SF – November, 2015

$1,019.54

Cooper Lewis

Logan Circle

$937.93

The Carthage

Kalorama

$870.41

Residences at Market Square

Penn Quarter

$860.55

City Center

Mount Vernon Triangle

$830.77

The Watergate

Foggy Bottom

$829.69

The Waterview

Arlington

Somerset House -

Top New Listing — Unit #1607 at Somerset House.

It’s Somerset House 2 in Friendship Heights if you’re seeking a perfect property in a fabulous location: 2 Bedrooms, 2 Full Baths, 1 Partial Bath, 2,856 Square Feet. See for yourself.

Highest Price New Listings – November, 2015

$2,995,000

Somerset House

Friendship Heights

$2,799,000

Turnberry Tower

Arlington

$2,595,000

The Odyssey

Arlington

 

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. Make sure you have every advantage possible working in your favor.

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