August: Impressive, Grand, and A Majestic Month in DC Luxury Condo Sales

In August, Life At The Top’s coveted “It” Buildings in DC, Maryland and Virginia owned the leading sales stats in the DC Luxury Condo Market.

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Ritz-Carlton West End

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Somerset House

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Turnberry Tower

Three Sales Each In Three “It” Buildings Topped Most Units Sold

Three of our “It” Buildings — The Ritz-Carlton West End in the West End, Somerset House in Friendship Heights, and Turnberry Tower in Arlington — each sold three amazing condo units sold three units each. Eight more buildings followed up with two sales each including 555 Mass in Mount Vernon Triangle, Union Row in U Street Corridor and The Watergate in Foggy Bottom

Most Units Sold — August 2016

3

Ritz-Carlton West End

West End

Somerset House

Friendship Heights

Turnberry Tower

Arlington

2

555 Mass

 Mount Vernon Triangle

Clara Barton

Penn Quarter

Union Row

U Street Corridor

Lofts 14

Logan Circle

Ten Ten Mass

Mount Vernon Triangle

The Artisan

Penn Quarter

The Watergate

Foggy Bottom

The Whitman

Mount Vernon Triangle

2501 Pennsylvania Avenue

2501 Pennsylvania Avenue

2501 Pennsylvania Placed First In Three Categories Including Highest Sale Price

Listed for $3,200,000, Penthouse PH1A at 2501 Pennsylvania in West End earned Highest Sale Price — the two-bedroom, two-and-a-half-bath closed at $3,120,000. Other top sellers included Turnberry Tower Unit 2408 in Arlington, and Somerset House Penthouse 17F in Friendship Heights.

Highest Sales Prices — August 2016

$3,120,000

2501 Pennsylvania

West End

$2,410,000

Turnberry Tower

Arlington

$2,125,000

Somerset House

Friendship Heights

$1,550,000

Dumbarton Place

Dupont Circle

$1,543,500

Ritz-Carlton West End

West End

$1,430,000

City Center

Mount Vernon Triangle

Somerset House

Somerset House

Highest List-To-Sales Ratio Reached By Somerset House

The two-bedroom, two bath Unit 1-605 at Somerset House in Friendship Heights, was listed for $875,000 and sold for $930,000 — 106.29% above list.

Highest List-To-Sales Ratio — August 2016

106.29%

Somerset House

Friendship Heights

103.96%

The Floridian

U Street Corridor

102.81%

City Vista

Mount Vernon Triangle

102.65%

Ventana

Penn Quarter

101.86%

Ten Ten Mass

Mount Vernon Triangle

101.73%

Pennsylvania

Penn Quarter

2501 Pennsylvania House

2501 Pennsylvania House

2501 Pennsylvania Took Home Highest $ Per Square Foot

Penthouse PH1A at 2501 Pennsylvania in West End commanded $1,150.44 for each of its 2,712 lavishly appointed square feet.

Highest $ Per SF — August 2016

$1,150.44

2501 Pennsylvania

West End

$988.11

Turnberry Tower

Arlington

$984.85

City Center

Mount Vernon Triangle

$870.19

Somerset House

Friendship Heights

$869.32

Dumbarton Place

Dupont Circle

$864.71

Ritz-Carlton West End

West End

2501 Pennsylvania Avenue

2501 Pennsylvania Avenue

The Top New Listing? 2501 Pennsylvania.

Listed and sold on the same day in August, Penthouse PH1A at 2501 Pennsylvania in West End was the Highest Price New Listing. It was listed for $3,200,000 and sold for $3,120,000.

Highest Price New Listings — August 2016

$3,200,000

2501 Pennsylvania

West End

$2,950,000

Turnberry Tower

Arlington

$2,950,000

The Oronoco

Alexandria

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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