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

Topping the list to sales ratio in July is Unit #312 at The Odyssey in Arlington’s Courthouse neighborhood. The two-bedroom, one-bath apartment with a 1,003 square foot layout was originally listed at $519,900. However, the flat with its all new hardwood floors and upgraded kitchen was bid all the way up to $602,252. That is a very impressive 115.84 percent of the original asking price. Second place in this category goes to Unit #1909 at the new Verse luxury tower, located in a rapidly developing area along the border between Tysons and McLean. The new construction condo on the 19th floor has one bedroom, one bath and 774 sq. ft. of living space. It sold for $710,000 after having been originally offered for $649,000, equaling 109.40 percent of asking. The apartment in the heart of the mixed-use Boro community also came in 4th in the size sweepstakes at $917.31 per square foot.

In third place is Unit #432 at The Columbia in DC’s West End neighborhood. The two-bedroom, two-bath residence with an airy 1,250 square foot floorplan listed on July 29 at $915,000 and sold the very same day for $955,000. That’s a one-day $40,000 increase (104.37 percent), proving just how popular the historic address is. Designed by Nathan C. Wyeth in 1915, the Italianate-style complex was originally The Columbia Hospital for Women. Unit #301 at Somerset House in Chevy Chase sold for $3,600,000 after its original asking price of $3,500,000. That’s an uptick of $100K for the elegant three-bedroom, four-bath apartment with a 3,623 sq. ft. layout. Not only does the residence earn fourth place in the list to sales category at 102.86 percent, it is also the highest overall sales price for a condo or coop in July as well as the second highest in the size sector at $993.65 per square foot.

Fifth place goes to Unit #430 at Union Row in the vibrant U Street Corridor. The 858 square foot residence with one bedroom, a den, and two full baths, closed at $610,000 after listing for $600,000 (101.67 percent). Features include gleaming hardwood floors, exposed ductwork and plumbing, and a large open living, dining, and cooking area. Closing out the list is Unit #418 at Lofts 14 in Logan Circle. The two-bedroom, two-bath condo with soaring ceilings sold for $800,000 after listing for $799,000 (100.13 percent).

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

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.

Leave a Reply

Your email address will not be published.