The DC Luxury Listings Market Warmed Up Everywhere in June.

In June, our celebrated Life At The Top “It” Buildings were prime players in all the stats leading the DC Luxury Condo Market.

For Adams Alley in Adams Morgan, Unit #300 — a 2-bedroom, 2-and-a-half-bath in a “Best Conversion It Building” — sold for $5,000 over list. The $1,155,000 sale was the building’s first in 21 months. In another notable transaction, Gaslight Square in Arlington recorded a new high price — a 2-bedroom, 2-bath 155 condo listed at $975,000 and sold for $1,000,000.

Four Buildings Sold Four Units Each in June

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22 West in West End, an “It Building” in six categories, sold four units including 8-G — a stunning 3-bedroom, 3-and-a-half-bath condo that closed at $3,400,000. Three buildings in Mount Vernon Triangle also sold four units each: City Center, City Vista and The Whitman.

Most Units Sold — June 2016

4

22 West

West End

City Center

Mount Vernon Triangle

City Vista

Mount Vernon Triangle

The Whitman

Mount Vernon Triangle

3

Chase Point

Friendship Heights

The Watergate

The Watergate

Friendship Heights’ Somerset House Marked June’s Highest Sales Price

Somerset House -

Leading all sales in June, Unit 601 at Somerset House in Friendship Heights sold for $4,250,000. The 3,623 square foot floor plan includes 3 bedrooms and 4-and-a-half-baths.

$3,400,000 won the day for 22 West condo 8-G — a stunning 3-bedroom, 3-and-a-half-bath condo.

In Foggy Bottom, The Watergate unit 1201 commanded $2,250,000 for a 3 bedroom with 3 baths, 2 half-baths and magnificent Potomac views.

Highest Sales Prices — June 2016

$4,250,000.00

Somerset House

Friendship Heights

$3,400,000.00

22 West

West End

$2,250,000.00

The Watergate

Foggy Bottom

$1,800,000.00

City Center

Mount Vernon Triangle

$1,650,000.00

The Duncan

Dupont Circle

$1,550,000.00

The Dresden

Kalorama

 

Tops for Highest List-to-Sales Ratio — Dupont’s Chinese Embassy

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With its first sale since 2013, the Chinese Embassy buiding in Dupont Circle sold for $740,000 — that’s $40,100 above the listing.

Highest List-To-Sales Ratio — June 2016

105.87%

Chinese Embassy

Dupont Circle

104.58%

Yale Steam Laundry

Mount Vernon Triangle

103.70%

City Vista

Mount Vernon Triangle

102.81%

Adams Row

Adams Morgan

102.56%

555 Mass

Mount Vernon Triangle

101.56%

City Vista

Mount Vernon Triangle

 

Somerset House

Highest $ Per Square Foot was earned at Somerset House

At $1,173 per SF, Unit 601 at Somerset House in Friendship Heights sold for $4,250,000. Every one of its 3623 square feet are amazing!

Highest $ Per SF — June 2016

$1,173.06

Somerset House

Friendship Heights

$1,135.23

22 West

West End

$1,048.39

City Center

Mount Vernon Triangle

$937.50

Matrix

Logan Circle

$898.60

The Darcy

Bethesda

$849.32

The Dresden

Kalorama

 

Quarry Springs

Bethesda’s Quarry Springs — The High New Listing for June.

New construction offered at $4,290,000, this 4,626 SF spectacular Quarry Springs property combines three bedrooms, three-and-a-half baths, fireplaces and breathtaking amenities in a lavish estate campus just outside Bethesda.

Highest Price New Listings — June 2016

$4,290,000

Quarry Springs

Bethesda

$3,899,990

Hampden Square

Bethesda

$3,550,000

Ritz-Carlton Georgetown

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.

 

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