In February, The DC Luxury Penthouse Market Warmed Up!

Buyers came out with open checkbooks and exquisite taste, while opportunistic sellers cashed in throughout February.

pic_326746.650

Union Row in U Street Corridor topped the Most Units Sold list with four units including the residence at 905 — listed for $949,000 the 2-bedroom, 2-bath condo closed at $925,000.

Most Units Sold — February 2016

4

Union Row

U Street Corridor

3

555 Mass

Mount Vernon Triangle

Madrigal Lofts

Mount Vernon Triangle

2

3303 Water Street

Georgetown

Somerset House

Friendship Heights

St. Nicholas

Kalorama

Turnberry Tower

Arlington

 

Six “It Buildings” earned Highest Sales Prices for February

pic_561623.650

 

 

 

1F Ritz-Carlton Georgetown led the Highest Sales Prices rankings with a $3,650,000 sale. With four bedrooms, four and a half baths and just under 4,000 square feet. The spectacular first level luxury apartment has an open layout perfect for entertaining. The living room features a built-in television alcove with flat screen, gas-burning fireplace below, a custom stone bench flanking either side, and access to the front spacious balcony which overlooks the Potomac River, Theodore Roosevelt Island, and Rosslyn. The Ritz-Carlton Georgetown has earned five places in our “It Buildings” roster.

Another “It Building,” Somerset House in Friendship Heights, captured $2,667,500 for a two-bedroom stunner with two and a half baths and 2,886 elegant square feet.

Turnberry Tower in Arlington (also an “It Building“) was the scene of another big ticket sale — unit 2110 offered two bedrooms, two and a half baths and 2,267 dramatic square feet with stunning views. It closed for $2,550,000.

Highest Sales Prices — February 2016

$3,650,000

Ritz-Carlton Georgetown

Georgetown

$2,667,500

Somerset House

Friendship Heights

$2,550,000

Turnberry Tower

Arlington

$2,500,000

3303 Water Street

Georgetown

$2,500,000

The Odyssey

Arlington

$1,300,000

St. Nicholas

Kalorama

Highest List-To-Sales Ratio Was Taken by The Metro

 

Listed for $719,0000, the two-bedroom, two-bath condo closed at $747,500 — that’s 103.96% above list for unit 202 at The Metro in Logan Circle.

pic_564922.650

Highest List-To-Sales Ratio — February 2016

103.96%

The Metro

Logan Circle

103.22%

The Lafayette

Penn Quarter

102.56%

555 Mass

Mount Vernon Triangle

101.80%

Madrigal Lofts

Mount Vernon Triangle

100.24%

City Vista

Mount Vernon Triangle

100.00%

3303 Water Street

Georgetown

 

3303 Water Street Took Highest $ Per Square Foot

pic_326698.650

3303 Water Street in Georgetown performed its magic again with a full-price sale for the residence at 5G. The $2,500,000 asking price and lavish living in two bedrooms, two and a half baths and 1,909 square feet with breathtaking views proved irresistible to the new owners. The building’s status as an “It Building” in six categories also contributed to the appeal of this listing.

 

Highest $ Per SF — February 2016

$1,309.59

3303 Water Street

Georgetown

$1,124.83

Turnberry Tower

Arlington

$929.74

City Center

Mount Vernon Triangle

$924.29

Somerset House

Friendship Heights

$920.32

Ritz-Carlton Georgetown

Georgetown

$796.08

555 Mass

Mount Vernon Triangle

 

The Highest Price New Listing Dropped Anchor at Washington Harbour.

 yVWwircwHesCcZ8BU1a0B8DSzJ5FZwqVN2F-VDcubTASb-AYI7MbSWn_kFG-s6l7918-hPfmKE1xtt8TDgZ-EA

Act fast to view this amazing Washington Harbour 4,200 square foot penthouse with two bedrooms, four baths and the best outdoor terrace in the City! Over 1,000 square feet of outdoor space with 180 degree views of the Potomac River, Washington monuments, Rosslyn, Georgetown, and more. Must see to believe!

 

Highest Price New Listings — February 2016

$4,395,000

Washington Harbour

Georgetown

$3,595,000

22 West

West End

$2,500,000

3303 Water Street

Georgetown

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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *