In August, Life At The Top’s coveted “It” Buildings in DC, Maryland and Virginia owned the leading sales stats in the DC Luxury Condo Market.
Three Sales Each In Three “It” Buildings Topped Most Units Sold
Three of our “It” Buildings — The Ritz-Carlton West End in the West End, Somerset House in Friendship Heights, and Turnberry Tower in Arlington — each sold three amazing condo units sold three units each. Eight more buildings followed up with two sales each including 555 Mass in Mount Vernon Triangle, Union Row in U Street Corridor and The Watergate in Foggy Bottom
2501 Pennsylvania Placed First In Three Categories Including Highest Sale Price
Listed for $3,200,000, Penthouse PH1A at 2501 Pennsylvania in West End earned Highest Sale Price — the two-bedroom, two-and-a-half-bath closed at $3,120,000. Other top sellers included Turnberry Tower Unit 2408 in Arlington, and Somerset House Penthouse 17F in Friendship Heights.
Highest Sales Prices — August 2016 |
||
$3,120,000 |
2501 Pennsylvania |
West End |
$2,410,000 |
Turnberry Tower |
Arlington |
$2,125,000 |
Somerset House |
Friendship Heights |
$1,550,000 |
Dumbarton Place |
Dupont Circle |
$1,543,500 |
Ritz-Carlton West End |
West End |
$1,430,000 |
City Center |
Mount Vernon Triangle |
Highest List-To-Sales Ratio Reached By Somerset House
The two-bedroom, two bath Unit 1-605 at Somerset House in Friendship Heights, was listed for $875,000 and sold for $930,000 — 106.29% above list.
Highest List-To-Sales Ratio — August 2016 |
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106.29% |
Somerset House |
Friendship Heights |
103.96% |
The Floridian |
U Street Corridor |
102.81% |
City Vista |
Mount Vernon Triangle |
102.65% |
Ventana |
Penn Quarter |
101.86% |
Ten Ten Mass |
Mount Vernon Triangle |
101.73% |
Pennsylvania |
Penn Quarter |
2501 Pennsylvania Took Home Highest $ Per Square Foot
Penthouse PH1A at 2501 Pennsylvania in West End commanded $1,150.44 for each of its 2,712 lavishly appointed square feet.
Highest $ Per SF — August 2016 |
||
$1,150.44 |
2501 Pennsylvania |
West End |
$988.11 |
Turnberry Tower |
Arlington |
$984.85 |
City Center |
Mount Vernon Triangle |
$870.19 |
Somerset House |
Friendship Heights |
$869.32 |
Dumbarton Place |
Dupont Circle |
$864.71 |
Ritz-Carlton West End |
West End |
The Top New Listing? 2501 Pennsylvania.
Listed and sold on the same day in August, Penthouse PH1A at 2501 Pennsylvania in West End was the Highest Price New Listing. It was listed for $3,200,000 and sold for $3,120,000.
Highest Price New Listings — August 2016 |
||
$3,200,000 |
2501 Pennsylvania |
West End |
$2,950,000 |
Turnberry Tower |
Arlington |
$2,950,000 |
The Oronoco |
Alexandria |
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.