Market Leaders | Highest Sales Price to List Ratio | June 2022

Condos at the Flour Mill in Georgetown don’t come to market often. But Unit #506 is an exception, popping up on June 10 and going under contract just three days later. The two-bedroom, 2.5-bath residence closed the same month at $1,325,000. That’s $175,000 over the original asking price of $1,150,000, for a whopping 115.22 percent list-to-sales ratio. The sun-filled apartment with vintage parquet floors, soaring ceilings, and a spacious terrace overlooking the B&O Canal is strolling distance from Georgetown Waterfront Park and the Potomac River. Second place goes to Unit #15 at The Dresden in Kalorama. The 1,830 square foot residence with three bedrooms and 2.5 baths sold for $1,275,000 representing 106.69 percent of asking. The iconic building with its distinctive curvilinear brick façade was built in 1909 by Harry Wardman and designed by Albert H. Beers.

Unit #601 at The Whitman in Mount Vernon Triangle takes third place after selling for $750,000 (104.82 percent). The two-bedroom, two-bath corner condo with 1,078 square feet of space has an airy and modern light-filled layout, in a full-service downtown building loaded with amenities. Coming in fourth in the list-to-sales category is Unit #602 at Muse in Old Town Alexandria. The corner penthouse sold for $2,678,500 equaling 104.53 percent of asking. The two-bedroom, 2.5 bath residence with a den, a private roof deck, an additional balcony, and 2,469 sq. ft. of living space is also the third highest overall sale as well as the third highest price per square foot at $955.22 per square foot.

Muse is a brand new building that is central to the city’s creative culture, and home to The Art League as well as the new Metro Stage Theatre.

Unit #852 at Clara Barton in Penn Quarter nabs fifth place, listing for $699,000 and closing at $715,000 (102.29 percent). The two-level condo has two bedrooms, 2.5 baths, 1,119 square feet of living space, and two balconies overlooking the courtyard. Closing out this list is Unit #1503 at Somerset House, part of the exclusive gated Parc Somerset community in Chevy Chase. The two-bedroom, 2.5-bath residence with a bonus den also captured the second highest overall sales price, selling for $2,751,503 after listing for $2,695,000 (102.10 percent). Featuring a remodel from Bethesda’s Ella Scott Design, the spacious 3,021 square foot apartment has a tasteful modern ambience and an extended wraparound balcony.

To see all the hottest building and category winners in June visit our DC Penthouse and Luxury Condo Marketing Activity Report.

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