2016 Started With Plenty Of Performance In The DC Luxury Penthouse Market!

 

January launched the 2016 DC Luxury Penthouse Market with strong competition including Highest List-To-Sales Ratio and Highest Dollar per Square Foot.

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The Sonata

City Vista, The Sonata and The Watergate Sold The Most Units

Three “It” Buildings led the sales charts with two each in January.

City Vista and The Sonata in Mount Vernon Triangle, and The Watergate in Foggy Bottom captured Most Units Sold.

 

Most Units Sold – January, 2016

2

City Vista

Mount Vernon Triangle

The Sonata

Mount Vernon Triangle

The Watergate

Foggy Bottom

1

2020 Lofts

U Street Corridor

555 Mass

Mount Vernon Triangle

The Adagio

Bethesda

Chase Point

Friendship Heights

Union Row

U Street Corridor

Landmark Lofts

Capitol Hill

Madrigal Lofts

Mount Vernon Triangle

Solo Piazza

Logan Circle

Somerset House

Friendship Heights

The Odyssey

Arlington

The Whitman

Mount Vernon Triangle

The Wyoming

Kalorama

 

Somerset House

Somerset House

Somerset House Brought In The Highest Sales Price For January

Unit 1102 at Somerset House in Friendship Heights sold for $25,000 over list. This 2-bedroom, 2-and-a-half bath residence featured 2,503 luxurious SF. It listed for $2,500,000, and sold for $2,525,000.

Across the Potomac in Arlington, The Odyssey Unit 1107 sold for $1,450,000. With 3 bedrooms and 3 baths, and 1,893 SF, it commanded the highest closing price since 2012.

The Watergate in Foggy Bottom took third place with a sale that topped list by $105,000! The 2-bedroom, 2-and-a-half bath condo sold for $1,170,000.

Highest Sales Prices – January, 2016

$2,525,000

Somerset House

Friendship Heights

$1,450,000

The Odyssey

Arlington

$1,170,000

The Watergate

Foggy Bottom

$1,105,000

The Adagio

Bethesda

$875,000

The Sonata

Mount Vernon Triangle

$775,000

Atrium

Arlington

 

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The Watergate

The Watergate, Union Row and Somerset House Topped Sales Above List

At the top of the stats, Unit 1507 at The Watergate in Foggy Bottom sold for $1,170,000 — that was 109.86% above the listing price.

 

Highest List-To-Sales Ratio – January, 2016

109.86%

The Watergate

Foggy Bottom

109.14%

Union Row

U Street Corridor

101.00%

Somerset House

Friendship Heights

100.00%

The Whitman

Mount Vernon Triangle

100.00%

555 Mass

Mount Vernon Triangle

100.00%

City Vista

Mount Vernon Triangle

Somerset House

Somerset House

Somerset House Earned Over $1,000 Per SF Again!

A frequent earner of top dollar for its coveted properties, Somerset House in Friendship Heights led the way again. Unit 1101 closed at $2,525,000 —  that converts to $1,008.79 per SF.

Highest $ Per SF – January, 2016

$1,008.79

Somerset House

Friendship Heights

$765.98

The Odyssey

Arlington

$658.30

Union Row

U Street Corridor

$650.00

The Adagio

Bethesda

$649.51

The Sonata

Mount Vernon Triangle

$646.26

The Whitman

Mount Vernon Triangle

 

The Lauren

The Lauren

The Lauren Listed The Top Property For January.

The Lauren is an exquisite luxury residential condominium built for the most discerning buyer. Floor plans ranging from 1,444 sq. ft. to more than 6,000 sq. ft. reflect the quality one would expect at this level of residence.  At $4,845,000, the top new listing for January is one of a few must-see listings in this Bethesda beauty.

Highest Price New Listings – January, 2016

$8,499,000

The Lauren

Bethesda

$3,400,000

Turnberry Tower

Arlington

$2,850,000

The Ritz-Carlton West End

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

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