Summer sizzled and brought out the buyers for eye-popping penthouses and elegant condos in Life At The Top’s DC luxury neighborhoods.
Georgetown, West End, Capitol Hill, Foggy Bottom…Seven-Figure Sales Were Everywhere!
Listed at $4,299,000, The Ritz-Carlton Georgetown’s penthouse PH-1E features a dazzling living room with walls of glass overlooking the Potomac. With 2 bedrooms and 2.5 baths, it closed on July 3rd at $4,100,000. At The Ritz-Carlton’s West End property, unit S3A in the south building sold for $1,800,000. This 3-bedroom, 3.5-bath penthouse boasts a corner wall of windows, library, 2 balconies and 2-car parking. In Capitol Hill, unit 2A at Landmark Lofts came with Wolf/Sub-zero appliances, Italian honed granite countertops, Waterworks bath fixtures, hardwood and tile floors, plus two roof terraces, 2-car parking and additional storage. The closing price was $1,355,000!
Highest Sales Prices – July, 2013 |
||
$4,100,000 |
Ritz Georgetown |
Georgetown |
$1,800,000 |
Ritz West End |
West End |
$1,355,000 |
Landmark Lofts |
Capitol Hill |
$1,100,000 |
The Watergate |
Foggy Bottom |
$965,000 |
The Floridian |
U Street Corridor |
$960,000 |
Flour Mill |
Georgetown |
The Watergate Sold The Most Units…Again
A sprawling complex of buildings in Foggy Bottom, The Watergate has 630 luxury condo and penthouse properties. You can expect it will frequently take top position in any given month. In July The Watergate took top position with 4 units sold, the same number as last month. Sharing the second spot with 3 units sold were U Street’s The Floridian and The Lafayette in Penn Quarter.
Most Units Sold – July, 2013 |
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4 |
The Watergate |
Foggy Bottom |
3 |
The FloridianThe Lafayette |
U Street CorridorPenn Quarter |
2 |
AtriumGallery PlaceLandmark LoftsMetropole |
ArlingtonChinatownCapitol HillLogan Circle |
Once Again, The Listing Price is Below the Closing Price…
The Wyoming in Kalorama is one of my picks for The Most Grande in the DC luxury condo market. Apparently the buyers who purchased unit 604 in July agreed, paying $311,500 for a 1-bedroom, 1 bath condo listed for $299,000. Other above-list sales took place at Metropole in Logan Circle, Lott 33 in Adams Morgan and Gallery Place in Chinatown.
Highest List-To-Sales Ratio – July, 2013 |
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104.18% |
The Wyoming |
Kalorama |
104.02% |
Metropole |
Logan Circle |
103.75% |
Lot 33 |
Adams Morgan |
100.03% |
Gallery Place |
Chinatown |
$1,363+ Per Sq. Ft. at The Ritz-Carlton in Georgetown!
With just over 3,000 Sq. Ft., this Ritz 2-bedroom isn’t just luxurious — it is uber the top and the price is validation!
Highest $ Per Sq. Ft. – July, 2013 |
||
$1,363.94 |
Ritz Georgetown |
Georgetown |
$781.95 |
Metropole |
Logan Circle |
$721.45 |
The Waterview |
Arlington |
$696.31 |
Lot 33 |
Adams Morgan |
$649.58 |
Ritz West End |
West End |
$633.82 |
The Lafayette |
Penn Quarter |
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.