In March, many of the most coveted buildings from our proprietary Life At The Top “It Buildings” list appeared atop our stats for the DC Luxury Condo Market.
Union Row And Ten Ten Mass Sold Four Units Each
For the second month in a row, it was Union Row in U Street Corridor atop the Most Units Sold list, tied by Ten Ten Mass in Mount Vernon Triangle. Both IT Buildings sold four units.
Six “It Buildings” Earned Highest Sales Prices for March
An absolutely Most Luxurious “It Building“, 2501 Pennsylvania in West End scored the Highest Sales Prices list when Unit 5C sold for $2,300,000. This gracious and spacious 2-bedroom, 2-and-a-half bath residence measured 2,760 square feet.
Celebrated among our “It Buildings” for Best Private Outdoor Space and Best Views, The Watergate in Foggy Bottom brought home a $1,880,000 sale. The 2,300 square foot condo — unit 1218 — included 2 bedrooms, 2-and-a-half baths and a landmark location on the Potomac.
Back in West End again, 22 West Unit 4M sold for the full $1,675,000 asking price. The 2-bedroom, 2-and-a-half bath residence measured 1,571 square feet in an “It Building” that scores in six categories: Rarely Available, High Demand, Most Luxurious, Best Private Outdoor Space, Most Grande, and Most Modern!
Highest Sales Prices — March 2016 |
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$2,300,000 |
2501 Pennsylvania |
West End |
$1,880,000 |
The Watergate |
Foggy Bottom |
$1,675,000 |
22 West |
West End |
$1,675,000 |
Somerset House |
Friendship Heights |
$1,600,000 |
3303 Water Street |
Georgetown |
$1,485,000 |
City Center |
Mount Vernon Triangle |
Highest List-To-Sales Ratio Was Taken by Union Row
Unit 328W at Union Row in U Street Corridor was listed for $1,050,000 and sold for $1,125,000. The 2-bedroom, 2-and-a-half bath residence measured 1,571 square feet and beat list price by 107.14%. Notice that four other high list-to-sales performers came from Mount Vernon Triangle.
Highest List-To-Sales Ratio — March 2016 |
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107.14% |
Union Row |
U Street Corridor |
103.45% |
Rainbow Lofts |
Penn Quarter |
101.38% |
Ten Ten Mass |
Mount Vernon Triangle |
101.36% |
Madrigal Lofts |
Mount Vernon Triangle |
101.03% |
555 Mass |
Mount Vernon Triangle |
100.73% |
City Vista |
Mount Vernon Triangle |
For The Second Month In A Row, The Highest $ Per Square Foot Winner Was 3303 Water Street
An “It Building” in six categories, 3303 Water Street in Georgetown earned Highest $ Per SF in March when condo unit 6C sold for $1,600,000. With two bedrooms, two baths, and a spectacular location on the Canal, $1,103 per square foot won the day.
Highest $ Per SF — March 2016 |
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$1,103.45 |
3303 Water Street |
Georgetown |
$1,069.11 |
City Center |
Mount Vernon Triangle |
$1,066.20 |
22 West |
West End |
$919.33 |
The Columbia |
West End |
$833.33 |
2501 Pennsylvania |
West End |
$817.39 |
The Watergate |
Foggy Bottom |
Somerset House Topped The Highest Price New Listings Category
Sorry to report that #601 at Parc Somerset in Friendship Heights was listed and sold for $4,400,000 on the same March day. With almost 3,700 glamorous square feet, here’s what you missed: three bedrooms, four-and-a-half baths, library, family room, and an “It Building” in four categories.
Highest Price New Listings — March 2016 |
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$4,400,000 |
Somerset House |
Friendship Heights |
$4,195,000 |
Ritz-Carlton West End |
West End |
$4,190,000 |
Quarry Springs |
Bethesda |
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