January launched the 2016 DC Luxury Penthouse Market with strong competition including Highest List-To-Sales Ratio and Highest Dollar per Square Foot.
The Sonata
City Vista, The Sonata and The Watergate Sold The Most Units
Three “It” Buildings led the sales charts with two each in January.
City Vista and The Sonata in Mount Vernon Triangle, and The Watergate in Foggy Bottom captured Most Units Sold.
Somerset House
Somerset House Brought In The Highest Sales Price For January
Unit 1102 at Somerset House in Friendship Heights sold for $25,000 over list. This 2-bedroom, 2-and-a-half bath residence featured 2,503 luxurious SF. It listed for $2,500,000, and sold for $2,525,000.
Across the Potomac in Arlington, The Odyssey Unit 1107 sold for $1,450,000. With 3 bedrooms and 3 baths, and 1,893 SF, it commanded the highest closing price since 2012.
The Watergate in Foggy Bottom took third place with a sale that topped list by $105,000! The 2-bedroom, 2-and-a-half bath condo sold for $1,170,000.
Highest Sales Prices – January, 2016 |
||
$2,525,000 |
Somerset House |
Friendship Heights |
$1,450,000 |
The Odyssey |
Arlington |
$1,170,000 |
The Watergate |
Foggy Bottom |
$1,105,000 |
The Adagio |
Bethesda |
$875,000 |
The Sonata |
Mount Vernon Triangle |
$775,000 |
Atrium |
Arlington |
The Watergate
The Watergate, Union Row and Somerset House Topped Sales Above List
At the top of the stats, Unit 1507 at The Watergate in Foggy Bottom sold for $1,170,000 — that was 109.86% above the listing price.
Highest List-To-Sales Ratio – January, 2016 |
||
109.86% |
The Watergate |
Foggy Bottom |
109.14% |
Union Row |
U Street Corridor |
101.00% |
Somerset House |
Friendship Heights |
100.00% |
The Whitman |
Mount Vernon Triangle |
100.00% |
555 Mass |
Mount Vernon Triangle |
100.00% |
City Vista |
Mount Vernon Triangle |
Somerset House
Somerset House Earned Over $1,000 Per SF Again!
A frequent earner of top dollar for its coveted properties, Somerset House in Friendship Heights led the way again. Unit 1101 closed at $2,525,000 — that converts to $1,008.79 per SF.
Highest $ Per SF – January, 2016 |
||
$1,008.79 |
Somerset House |
Friendship Heights |
$765.98 |
The Odyssey |
Arlington |
$658.30 |
Union Row |
U Street Corridor |
$650.00 |
The Adagio |
Bethesda |
$649.51 |
The Sonata |
Mount Vernon Triangle |
$646.26 |
The Whitman |
Mount Vernon Triangle |
The Lauren
The Lauren Listed The Top Property For January.
The Lauren is an exquisite luxury residential condominium built for the most discerning buyer. Floor plans ranging from 1,444 sq. ft. to more than 6,000 sq. ft. reflect the quality one would expect at this level of residence. At $4,845,000, the top new listing for January is one of a few must-see listings in this Bethesda beauty, while also using services as Leak detection to give the right maintenance to these properties.
Highest Price New Listings – January, 2016 |
||
$8,499,000 |
The Lauren |
Bethesda |
$3,400,000 |
Turnberry Tower |
Arlington |
$2,850,000 |
The Ritz-Carlton West End |
West End |
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