Keeping with recent trends, strong sales were recorded throughout the Capital Region on both sides of the Potomac in DC, Maryland and Virginia. If you’re keeping score, this is where the top stats were produced.
The It Buildings Did It Again — With Highest Sales Prices In The Top 3 Spots!
The Ritz-Carlton in West End, Somerset House in Maryland’s Friendship Heights, and Turnberry Tower in Arlington, Virginia combined for over $9 Million in sales in March. At The Ritz West End — my pick for Most Luxurious It Building — a 3-bedroom 4.5 bath true penthouse, originally listed at $3,500,000, sold for $3,325,000. High above Wisconsin Avenue in Friendship Heights, a 3-bedroom, 4-bath gem with 3,400 square feet in Somerset House went for $3,175,000. Just across Key Bridge at Rosslyn’s Turnberry Tower, 3-bedroom 4-bath 22nd floor penthouse sold for $2,642,000.
Highest Sales Prices – March, 2013
|$3,325,000||Ritz West End||West End|
|$3,175,000||Somerset House||Friendship Heights|
|$1,625,000||Chase Point||Friendship Heights|
|$1,545,000||22 West||West End|
Somerset House & The Watergate Tied For The Most Units Sold!
Somerset House roared in March, selling 4 units to match The Watergate! Madrigal Lofts in Mt. Vernon Triangle and Turnberry Tower in Arlington’s Rosslyn neighborhood took second place with 3 units sold.
Most Units Sold – March, 2013
|4||Somerset House||Friendship Heights|
|4||The Watergate||Foggy Bottom|
|3||Madrigal Lofts||Mount Vernon Triangle|
Significant Above List Prices Were Seen in Adams Morgan, Logan Circle and Mount Vernon Triangle.
Highest List-To-Sales Ratio – March, 2013
|109.41%||The Lofts at Adams Morgan||Adams Morgan|
|106.75%||Solo Piazza||Logan Circle|
|102.73%||Madrigal Lofts||Mount Vernon Triangle|
|101.53%||The Floridian||U Street Corridor|
|101.16%||Wooster and Mercer Lofts||Arlington|
West End Takes Top Price Per Square Foot!
Highest $ Per Sq. Ft. – March, 2013
|$984||Ritz West End||West End|
|$939||22 West||West End|
|$934||Somerset House||Friendship Heights|
For more information about recent sales, or to discuss buying or selling a luxury property in the Capital Region, contact Jeff Wilson at your convenience.