Buyers came out with open checkbooks and exquisite taste, while opportunistic sellers cashed in throughout February.
Union Row in U Street Corridor topped the Most Units Sold list with four units including the residence at 905 — listed for $949,000 the 2-bedroom, 2-bath condo closed at $925,000.
Most Units Sold — February 2016 |
||
4 |
Union Row |
U Street Corridor |
3 |
555 Mass |
Mount Vernon Triangle |
Madrigal Lofts |
Mount Vernon Triangle |
|
2 |
3303 Water Street |
Georgetown |
Somerset House |
Friendship Heights |
|
St. Nicholas |
Kalorama |
|
Turnberry Tower |
Arlington |
Six “It Buildings” earned Highest Sales Prices for February
1F Ritz-Carlton Georgetown led the Highest Sales Prices rankings with a $3,650,000 sale. With four bedrooms, four and a half baths and just under 4,000 square feet. The spectacular first level luxury apartment has an open layout perfect for entertaining. The living room features a built-in television alcove with flat screen, gas-burning fireplace below, a custom stone bench flanking either side, and access to the front spacious balcony which overlooks the Potomac River, Theodore Roosevelt Island, and Rosslyn. The Ritz-Carlton Georgetown has earned five places in our “It Buildings” roster.
Another “It Building,” Somerset House in Friendship Heights, captured $2,667,500 for a two-bedroom stunner with two and a half baths and 2,886 elegant square feet.
Turnberry Tower in Arlington (also an “It Building“) was the scene of another big ticket sale — unit 2110 offered two bedrooms, two and a half baths and 2,267 dramatic square feet with stunning views. It closed for $2,550,000.
Highest Sales Prices — February 2016 |
||
$3,650,000 |
Ritz-Carlton Georgetown |
Georgetown |
$2,667,500 |
Somerset House |
Friendship Heights |
$2,550,000 |
Turnberry Tower |
Arlington |
$2,500,000 |
3303 Water Street |
Georgetown |
$2,500,000 |
The Odyssey |
Arlington |
$1,300,000 |
St. Nicholas |
Kalorama |
Highest List-To-Sales Ratio Was Taken by The Metro
Listed for $719,0000, the two-bedroom, two-bath condo closed at $747,500 — that’s 103.96% above list for unit 202 at The Metro in Logan Circle.
Highest List-To-Sales Ratio — February 2016 |
||
103.96% |
The Metro |
Logan Circle |
103.22% |
The Lafayette |
Penn Quarter |
102.56% |
555 Mass |
Mount Vernon Triangle |
101.80% |
Madrigal Lofts |
Mount Vernon Triangle |
100.24% |
City Vista |
Mount Vernon Triangle |
100.00% |
3303 Water Street |
Georgetown |
3303 Water Street Took Highest $ Per Square Foot
3303 Water Street in Georgetown performed its magic again with a full-price sale for the residence at 5G. The $2,500,000 asking price and lavish living in two bedrooms, two and a half baths and 1,909 square feet with breathtaking views proved irresistible to the new owners. The building’s status as an “It Building” in six categories also contributed to the appeal of this listing.
Highest $ Per SF — February 2016 |
||
$1,309.59 |
3303 Water Street |
Georgetown |
$1,124.83 |
Turnberry Tower |
Arlington |
$929.74 |
City Center |
Mount Vernon Triangle |
$924.29 |
Somerset House |
Friendship Heights |
$920.32 |
Ritz-Carlton Georgetown |
Georgetown |
$796.08 |
555 Mass |
Mount Vernon Triangle |
The Highest Price New Listing Dropped Anchor at Washington Harbour.
Act fast to view this amazing Washington Harbour 4,200 square foot penthouse with two bedrooms, four baths and the best outdoor terrace in the City! Over 1,000 square feet of outdoor space with 180 degree views of the Potomac River, Washington monuments, Rosslyn, Georgetown, and more. Must see to believe!
Highest Price New Listings — February 2016 |
||
$4,395,000 |
Washington Harbour |
Georgetown |
$3,595,000 |
22 West |
West End |
$2,500,000 |
3303 Water Street |
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.