October Was A Month of Firsts in The DC Luxury Condo Market

In October, all the stats leading the DC Luxury Condo Market featured our proprietary Life At The Top “It” Buildings. Plus Dumbarton Place in Dupont Circle had its first sale in 12 months, and The Weslie in Arlington recorded its first sale in 26 months.

555 Massachusetts Avenue

555 Massachusetts Avenue

 

 

The Atrium

The Atrium

555 Mass and Atrium Led The Way With Most Units Sold.

555 Mass in Mount Vernon Triangle sold four units, all at full list price. In Arlington, Atrium also sold four units.  Matrix in Logan Circle sold three units, all above asking price. The Floridian in U Street Corridor recorded three sales as well.

Most Units Sold — October 2016

4

555 Mass

Mount Vernon Triangle

Atrium

Arlington

3

Matrix

Logan Circle

Floridian

U Street Corridor

2

Waterview

Arlington

Turnberry Tower

Arlington

Wooster & Mercer

Great Buildings Commanded Highest Prices in Virginia, DC and Maryland

In Arlington, our own listing at Wooster W306 brought in the Highest Sales Price at $1,525,000 for a 3-bedroom,  3-bath condo on 2 levels.  At Shoreham West in Woodley Park, the beautiful 2-bedroom unit 217 set the second highest sale price at $1,400,000.  In Logan, the  sleek Q14 building’s unit 303 captured $1,171,000 for a 2-bedroom 2.5 bath condo.

Highest Sales Prices — October 2016

$1,525,000

Wooster and Mercer Lofts

Arlington

$1,400,000

Shoreham West

Woodley Park

$1,171,000

Q 14

Logan Circle

$1,050,000

Lionsgate

Bethesda

$920,000

Union Row

U Street Corridor

$885,000

Ten Ten Mass

Mount Vernon Triangle

Q14

Q14

Q14 — Tops For Highest List-To-Sales Ratio in October

Listed for $1,155,900, unit 303 sold for $1,171,000 — that’s 106.42% over the Ask.

Highest List-To-Sales Ratio — October 2016

106.42%

Q 14

Logan Circle

103.63%

City Vista

Mount Vernon Triangle

103.27%

Yale Steam Laundry

Mount Vernon Triangle

102.59%

Matrix

Logan Circle

101.89%

Logan Station

Logan Circle

101.14%

Ten Ten Mass

Mount Vernon Triangle

The Waterview

The Waterview

 

Highest Price Per Square Foot? It’s The Waterview

Across the Potomac, The Waterview in Arlington closed at $830 per square foot for the magnificent 1-bedroom condo #2109.

Highest $ Per SF — October 2016

$830

Waterview

Arlington

$829

Matrix

Logan Circle

$825

Union Row

U Street Corridor

$820

City Center

Mount Vernon Triangle

$770

Q 14

Logan Circle

$756

Logan Station

Logan Circle

The Westlight

The Westlight

The Top New Listing? Westlight!

West End was the scene of the highest price new listing in October: an amazing Westlight 3-bedroom, 3-bath unit is a one-of-kind floor plan listed for $3,185,000. Hurry to see this breathtaking new building and all the residences within!

Highest Price New Listings — October 2016

$3,185,000

Westlight

West End

$2,850,000

Ritz-Carlton West End

West End

$2,750,000

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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