Monthly Market Leaders

August 2015 Update

August 2015 Update

Read our blog every month for the latest news in the DC Luxury Condo Market.

Most Units Sold

Three buildings sold four units each including 555 Mass and City Vista, both in Mount Vernon Triangle, and The Artisan in Penn Quarter. Four more buildings sold three condos each: The Atrium in Arlington, The Ritz-Carlton West End, Somerset House in Friendship Heights, and The Watergate in Foggy Bottom.

 

Highest Sales Prices

With a $4,100,000 closing, Somerset House in Friendship Heights was highest for August followed by The Ritz-Carlton West End, Turnberry Tower in Arlington, Lionsgate in Bethesda, 2101 Connecticut in Kalorama, and 1661 Crescent Place in Adams Morgan.

 

Highest Sales Price to List Ratio

With a sold price that was 116.23% above list, The Watergate in Foggy Bottom was the leader. Five more buildings with closing prices over 100% included The Artisan in Penn Quarter, The Whitman and 555 Mass in Mount Vernon Triangle, The Floridian in U Street Corridor, and The Lafayette in Penn Quarter.

 

Highest Prices Per Square Foot

Buyers paid $1,139 S/F for a magnificent 3,000 S/F penthouse in Somerset House in Friendship Heights. Other leaders included 22 West in West End, The Ritz-Carlton West End, City Center in Mount Vernon Triangle, and Turnberry Tower and The Waterview in Arlington.

 

Highest Price New Listings

Another spectacular Ritz-Carlton West End penthouse entered the market, offering 4-bedrooms, 5-and-a-half baths, and 1400 S/F of terraces with skyline views. Other market-leading listings included The Watergate in Foggy Bottom with two properties, 2501 Pennsylvania in West End, Quarry Springs in Bethesda and 2101 Connecticut in Kalorama.

 

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