The May DC Luxury Market Blossomed With Outstanding Performance

In May, our proprietary Life At The Top “It” Buildings were prominent in all the stats leading the DC Luxury Condo Market.

The Atrium

The Atrium

Arlington’s Atrium Sold More Units Than Any Building

Atrium in Arlington sold four units in May including a three-bedroom, three-bath condo that closed for $925,000. Six other buildings came in second with three sales each.

Most Units Sold — May 2016

4

Atrium – Arlington

3

 

Clara Barton – Penn Quarter
Residences at Market Square – Penn Quarter
Ten Ten Mass – Mount Vernon Triangle
The Watergate – Foggy Bottom
The Whitman – Mount Vernon Triangle
Yale Steam Laundry – Mount Vernon Triangle
2101 Connecticut

2101 Connecticut

3303 Water Street

3303 Water Street

2101 Connecticut and 3303 Water Street Had Matching High Prices.

In Kalorama, that Most Grande “It” Building, 2101 Connecticut, sold unit #1 for $2,300,000. The five-bedroom three-bath condo featured 3,200 magnificent square feet.

Meanwhile in neighboring Georgetown, 3303 Water Street — an “It” Building in six categories — unit 6E also captured $2,300,000 for 1,886 square feet of canal-side magnificence.

Not far away in West End, 22 West unit 3C commanded full list price at  $1,850,000. Another “It” Building in six categories, the lavish condo featured two bedrooms, two baths and 1,663 breath-taking square feet.

Highest Sales Prices — May 2016

$2,300,000 2101 Connecticut – Kalorama
$2,300,000 3303 Water Street – Georgetown
$1,850,000 22 West – West End
$1,575,000 City Center – Mount Vernon Triangle
$1,560,000 St. Nicholas – Kalorama
$1,520,000 The Odyssey – Arlington
The Watergate

The Watergate

Watergate — Tops For Highest List-To-Sales Ratio.

A marvelous Adams Morgan property on two levels, unit 203 at Meridian Crescent was offered at $949,900 — the two-bedroom two-and-a-half bath stunner sparked a bidding war closed at $1,014,000. That’s 106.75% above list.

Highest List-To-Sales Ratio — May 2016

106.75% Meridian CrescentAdams Morgan
106.67% Somerset HouseFriendship Heights
104.86% The WhitmanMount Vernon Triangle
104.34% Lofts 14Logan Circle
103.08% 555 MassMount Vernon Triangle
102.52% City VistaMount Vernon Triangle

3303 Water Street

3303 Water Street

For Four Straight Months, 3303 Water Street Earned Highest $ Per Square Foot.

3303 Water Street in Georgetown earned Highest $ Per SF for the fourth month in a row. Closing for $2,300,000, unit 6E commanded $1,219 for each of its amazing 1,886 square feet.

Highest $ Per SF — May 2016

$1,219.51 3303 Water StreetGeorgetown
$1,132.08 Residences at Market SquarePenn Quarter
$1,112.45 22 WestWest End
$863.49 City CenterMount Vernon Triangle
$851.36 Ritz-Carlton West EndWest End
$820.58 Lofts 14Logan Circle
3303 Water Street

3303 Water Street

The Top New Listing? 3303 Water Street, Of Course.

Breathtaking water views abound from this rare three-bedroom, three-bath condo with den. This astounding 3303 Water Street penthouse in Georgetown features a 1,400 SF private terrace.

Highest Price New Listings — May 2016

$5,750,000 3303 Water StreetGeorgetown
$4,795,000 Wormley SchoolGeorgetown
$3,595,000 22 WestWest 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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