There Were Fireworks Everywhere In The DC Luxury Condo Market in July!

In July, our proprietary Life At The Top “It” Buildings were prominent in all the stats leading the DC Luxury Condo Market. Meanwhile Dumbarton Place in Dupont Circle marked its first sale in a year, and The Weslie in Arlington captured its first in 26 months.

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Two Newcomers Reached The Top Positions For Most Units Sold

Clara Barton in Penn Quarter and Gallery Place in Chinatown sold four units in July including a three-bedroom, three-bath condo that closed for $925,000.

City Center and Madrigal Lofts, both in Mount Vernon Triangle. recorded three sales each.

 

Most Units Sold — July 2016

4

Clara Barton

Penn Quarter

Gallery Place

Chinatown

3

City Center

Mount Vernon Triangle

Madrigal Lofts

Mount Vernon Triangle

2

555 Mass

Mount Vernon Triangle

Union Row

U Street Corridor

Metropole

Logan Circle

Ritz-Carlton West End

West End

The Dresden

Kalorama

The Lafayette

Penn Quarter

Turnberry Tower

Arlington

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City Center In Mount Vernon Triangle Captured Highest Sale Price.

  • At City Center in Mount Vernon Triangle, unit 1101 scored the highest sales price for July — the two-bedroom, two-and-a-half bath condo was listed for $2,627,000 and sold for $2,350,000.
  • At the spectacular Lionsgate in Bethesda, a three-bedroom, two-and-a-half bath condo was listed for $1,900,000 and sold for full price.
  • Penthouse 3J at the Ritz-Carlton West End sold for $1,825,000. The two-bedroom, two-and-a-half bath property is a rare triplex measuring almost 2500 square feet.

Highest Sales Prices — July 2016

$2,350,000

City Center

Mount Vernon Triangle

$1,900,000

Lionsgate

Bethesda

$1,825,000

Ritz-Carlton West End

West End

$1,750,000

Somerset House

Friendship Heights

$1,350,000

Dumbarton Place

Dupont Circle

$1,250,000

Chase Point

Friendship Heights

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Chinatown’s Gallery Place — Tops For Highest List-To-Sales Ratio

Unit 921 at Gallery Place in Chinatown was listed for $389,000 – the one bedroom, one bath condo closed at $419,000. That beat the list price by over 107%!

Highest List-To-Sales Ratio — July 2016

107.71%

Gallery Place

Chinatown

105.55%

Solo Piazza

Logan Circle

102.88%

Metropole

Logan Circle

101.93%

555 Mass

Mount Vernon Triangle

101.82%

The Odyssey

Arlington

101.46%

City Vista

Mount Vernon Triangle

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Dupont Circle’s Dumbarton Place Earned Highest $ Per Square Foot

The two-bedroom, two-and-a-half bath unit #46 at Dumbarton Place in Dupont Circle sold for $962 per SF — listed at $1,349,900, the sold price for this 1,403 SF beauty was $1,350,000. This was the first sale in a full year for Dunbarton Place.

Highest $ Per SF — July 2016

$962.22

Dumbarton Place

Dupont Circle

$878.18

City Center

Mount Vernon Triangle

$816.46

Chase Point

Friendship Heights

$772.53

Metropole

Logan Circle

$768.22

Somerset House

Friendship Heights

$752.18

The Columbia

West End

 

3303 Water Street

The Top New Listing? 3303 Water Street.

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 — July 2016

$5,750,000

3303 Water Street

Georgetown

$2,995,000

Somerset House

Friendship Heights

$2,975,000

Somerset House

Friendship Heights

$2,178,000

The Waterview

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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