One DC area building stands shoulders above the rest when it comes to the number of closings in December. The Ritz-Carlton West End had five sales while the closest competitors had three or less. The highlights at the West End address (Ritz-Carlton also has locations in Georgetown and Chevy Chase) include Unit #5D with the highest list-to-sales ratio for the month. The gracious two-bedroom, 2.5-bath apartment with 1,785 square feet of living space plus a private terrace, listed for $1,395,000 and sold for $1,450,000 for a very sturdy markup that translates to 103.94 percent of the original price. Additionally, Unit #8D nabbed two monthly honors, with the sixth-highest sales price at $1,720,000 and the sixth-highest price per square foot, at $963.59.
There were four buildings with three sales each: Clara Barton in Penn Quarter, Gaslight Square in Arlington, Watergate in Foggy Bottom, and the Yale Steam Laundry in Mount Vernon Triangle. Each of these addresses enjoy sustained popularity as well as distinct differences. Clara Barton offers hotel-style amenities and a terrific rooftop pool, Gaslight Square features contemporary lofts with an old-school ambience, the Watergate is known for its enduring elegance as well as a legendary political backstory, and the Yale Steam Laundry is a historic adaptive reuse development that once served as laundry facilities for the White House.
There were no fewer than seven buildings with two sales each: 525 Water Street in Georgetown, City Center, City Vista, and The Sonata (all in Mount Vernon Triangle), Lofts 14 in Logan Circle, Turnberry Tower in Rosslyn and Union Row in the U Street Corridor. There are a couple of monthly standouts in this grouping as well. Unit #1807 at Turnberry Tower captured the third-highest list-to-sales ratio at 101.94 percent. The 1,405 square foot apartment with a huge private balcony boasting Potomac River views, listed at $1,030,000 and sold for $1,050,000. Finally, Lofts 14 in Logan Circle had a monthly standout with Unit #522 nabbing the third-highest in the measurement per dollar category. The 932 square ft. loft penthouse with its exposed brick walls and soaring ceilings, closed at $999,000, or $1,071.89 per sq. foot.
To see all the hottest building and category winners in December visit our DC Penthouse and Luxury Condo Marketing Activity Report.
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