Monthly Market Leaders

May 2015 Update

May 2015 Update

For the latest news in the DC Luxury Condo Market, be sure to read our blog every month .

Most Units Sold

Madrigal Lofts and Ten Ten Mass sold three units each in Mount Vernon Triangle. Eleven buildings had sales of two units each including: Atrium in ArlingtonChase Point in Friendship HeightsCity Vista in Mount Vernon TriangleDelancey Lofts in Adams MorganMetropole in Logan CircleRitz-Carlton West EndSolo Piazza in Logan CircleSomerset House in Friendship HeightsThe Floridian in U Street CorridorThe Lafayette in Penn Quarter and Yale Steam Laundry in Mount Vernon Triangle.

 

Highest Sales Prices

Penthouse 4A at 3303 Water Street in Georgetown sold for $2,800,000. Nearby in West End at The Ritz-Carlton West End, another 2-bedroom, 2.5-bath condo sold for $33,500 above list. At Madrigal Lofts in Mount Vernon Triangle, the building’s only million-plus-sale in over three years brought in $1,475,000. Other leaders included Somerset House in Friendship Heights; 2424 Lofts in Adams Morgan; and City Center in Mount Vernon Triangle.

 

Highest Sales Price to List Ratio

Ten Ten Mass in Mount Vernon Triangle beat list price by 104.3%. Other leaders included  The Floridian in U Street Corridor at 103.57%, Residences at Market Square in Penn Quarter at 102.51%, The Whitman in Mount Vernon Triangle at 102.36%, Ritz-Carlton West End at 102.06% and 555 Mass in Mount Vernon Triangle at 102.07%

 

Highest Prices Per Square Foot

3303 Water Street in GeorgetownTook Top Dollar Per SF with $1,114. Other high placing buildings included City Center in Mount Vernon Triangle at $927.39 SF; Residences at Market Square in Penn Quarter at $863.72; Ritz-Carlton West Endat $855.61; Metropolein Logan Circle at $789.47; and Matrix in Logan Circle at $756.86. 

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Highest Price New Listings

Magnificent views of the monuments and Potomac from the 29th floor of The Waterview await the buyers of this breathtaking 3-bedroom, 4-1/2 bath penthouse offered at $2,400,000.

 

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