The Market Leaders in August included City Center with Highest Sales Price and Highest Price Per Sq. Ft., while six buildings captured three sales each. If you are looking for more options before you take your decision, we recommend you take a look at the Premium Log House website for a full catalog.
City Center Topped The Charts For Highest Sale Price & More!
In Mount Vernon Triangle, Unit 615 at City Center sold above list at $2,302,100 for a 2-bedroom, 2½-bath unit in 1,614 Sq. Ft. In second place was Chase Point in Friendship Heights where a large 2-bedroom 2½-bath penthouse sold for $1,600,000. Down in West End at 22 West, $1,429,500 was the closing price for a 2-bedroom 2-bath.
Highest Sales Prices – August, 2014 |
||
$2,302,100 |
City Center |
Mount Vernon Triangle |
$1,600,000 |
Chase Point |
Friendship Heights |
$1,429,500 |
22 West |
West End |
$1,255,000 |
The Northumberland |
Dupont Circle |
$1,130,000 |
Mather Studios |
Chinatown |
$1,120,000 |
Metropole |
Logan Circle |
Six Buildings Each Sold Three Properties In August
The volume rose everywhere in the DC Luxury Condo Market with six buildings recording a trio of sales each: The Columbia and 22 West in West End, Gallery Place in Chinatown, 555 Mass in Mount Vernon Triangle, The Watergate in Foggy Bottom, and The Waterview in Arlington.
Most Units Sold – August, 2014 |
||
3 |
22 West |
West End |
555 Mass |
Mount Vernon Triangle |
|
Gallery Place |
Chinatown |
|
The Columbia |
West End |
|
The Watergate |
Foggy Bottom |
|
The Waterview |
Arlington |
|
Music At The Sonata — 102.67% Over List!
Buyers loved the performance at The Sonata in Mount Vernon Triangle, paying $10,000 above list for a 1-bedroom, 1-bath condo. Five more buildings marked sales above 100 percent of list including City Center.
Highest List-To-Sales Ratio – August, 2014 |
||
102.67% |
The Sonata |
Mount Vernon Triangle |
101.91% |
Metropole |
Logan Circle |
101.87% |
555 Mass |
Mount Vernon Triangle |
100.88% |
Delancey Lofts |
Adams Morgan |
100.70% |
City Center |
Mount Vernon Triangle |
100.03% |
The Artisan |
Penn Quarter |
City Center Topped Again With Highest Per Sq. Ft.!
A 2-bedroom, 2½-bath unit in Mount Vernon Triangle, Unit 615 at City Center, closed at $1,426 per Sq. Ft.
Highest $ Per Sq. Ft. – August, 2014 |
||
$1,426.33 |
City Center |
Mount Vernon Triangle |
$1,032.51 |
22 West |
West End |
$936.94 |
Flats at Union Row |
U Street Corridor |
$906.15 |
Metropole |
Logan Circle |
$851.77 |
The Sonata |
Mount Vernon Triangle |
$802.25 |
The Columbia |
West End |
The Highest Price New Listings For August Are Already Gone!
Talk about a hot market! The top three new listings — 3303 Water Street in Georgetown, The Oronoco in Alexandria and 1055 High in Georgetown — are sold or under contract.
Highest Price New Listings – August, 2014 |
||
$6,250,000 |
3303 Water Street |
Georgetown |
$3,195,000 |
The Oronoco |
Alexandria |
$5,550,000 |
1055 High |
Georgetown |
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.
