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

The highest list to sales ratio in June is a one-bedroom, one-bath condo that was modestly priced and hotly pursued. Unit #928 at the Residences at Gallery Place in Chinatown came to market with an asking price of just $349,000. But the 668 square foot flat with its striking hardwood floors, open gourmet kitchen, and huge windows overlooking the urban landscape, was bid up to $354,000 or 104.42 percent of the original list amount. Second place goes to Unit #125 at Atrium in Arlington’s Rosslyn neighborhood. Originally priced at $475,000, the one-bedroom, one-bath apartment with 765 square feet of interior space sold for $475,000, translating to 101.05 percent of list. The ground floor residence with its 11-foot ceilings, also boasts its own huge sunny patio with tall walls and a gate to the street.

Unit #306 at 1745 N in Dupont Circle nabs third place in this category, listing at $659,000 before closing at $665,000 (100.91 percent). The project from PGN Architects combines a stretch of old townhouses dubbed Historic Row with a new six-story modern structure called The Flats at 1745 N. The two-bedroom, 1.5-bath residence is in the Flats building. Fourth place was captured by Unit #24 at Bryan School Lofts on Capitol Hill. The two-bedroom, two-bath residence listed for $1,249,000 and sold for $1,250,000 (100.08 percent). With exposed brick walls, overhead ductwork, and beautiful hardwood floors, the 2,128 square foot condo is part of a historic former schoolhouse built in 1902 and transformed into luxury lofts in 2008.

Fifth place goes to Unit #908 at the brand-new Monarch, a luxury tower in McLean with resort-style amenities. The two-bedroom condo with 2.5 baths and 1,900 square feet of space sold for its full asking price of $1,838,000 (100 percent). This was one of eight sales at the new building in June. Amenities at Monarch include a 24/7 front desk and concierge service, a rooftop deck, a state-of-the-art fitness center, a yoga studio, a private penthouse club as well as an additional residents’ lounge, a huge swimming pool, and a butterfly garden. Closing out the list is Unit #1204 at Turnberry Tower overlooking the Potomac River in the Rosslyn neighborhood. The one-bedroom apartment with a bonus den, two baths, direct elevator access and a sweeping balcony went under contract in 12 days and closed for the full asking price of $1,160,000.

To see all the hottest building and category winners in June, 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.