Market Leaders | Highest Sales Price to List Ratio | May 2023

Leading the way in May’s list to sales ratio is Unit #B15 at Logan Station in the Logan Circle neighborhood. The one-bedroom flat has two full baths and a bonus den that is large enough to serve as a second bedroom. The 816 square foot residence with a large private, fenced-in patio listed for $635,000 and quickly found offers coming in. The apartment ultimately sold for $685,000, a full $50K over asking for a list to sales ratio of 107.87 percent. Second place goes to Unit #708 at Madrigal Lofts in Mount Vernon Triangle. The chic loft apartment with an elevated, semi-open bedroom, listed for $469,900 and sold for $500,000, translating to 106.41 percent of the original price. The 727 square foot residence boasts exposed ductwork, giant windows, and a completely open gourmet kitchen.

Capturing third place honors, Unit #2101 at the Waterview in Rosslyn listed for $780,000 before selling for $800,000, or 102.56 percent of the initial price. The one-bedroom flat has a den off the foyer, and two full baths. But arguably the best feature of the stylish 947 square foot apartment is the unobstructed views of the Potomac River, Key Bridge, and all the way across to Georgetown. Unit #907 at Atrium in Rosslyn nabs fourth place, listing for $420,000 before selling for $430,000 (102.38 percent). The cute 765 square foot flat has one bedroom, one bath, hardwood floors in the living area, and a fun outdoor terrace overlooking the city.

Unit #310 at Amaris in the Southwest Waterfront closed at $1,542,700 or 102.17 percent of asking. The two-bedroom, 2.5-bath residence with a spacious 1,700 square foot layout is part of a slew of recent sales activity at the impressive new luxury tower at The Wharf. Designed by the late Rafael Vinoly, the 12-story tower has a twisting façade with giant cold-warped windows that offer the maximum amount of river views for tenants. Developed by Hoffman-Madison Waterfront with sleek interiors by Thomas Juul-Hansen, the building represents the epitome of waterfront luxury with a staggering number of amenities including an indoor saltwater pool and the District’s first car elevator. Closing out this category is Unit #1019 at Clara Barton in Penn Quarter. The one-bedroom, one-bath condo with 805 square feet of living space and lovely pale hardwood floors, closed at $500,000 after listing for $490,000 (102.04 percent).

To see all the hottest building and category winners in May 2023 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.