Monthly Market Leaders

January 2016 Update

January 2016 Update

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

Most Units Sold

Three "It" Buildings led the sales charts with two each in January: City Vista and The Sonata in Mount Vernon Triangle, and The Watergate in Foggy Bottom. A dozen buildings had one sale each including 2020 Lofts and Union Row in U Street Corridor and The Whitman in Mount Vernon Triangle.

 

Highest Sales Prices

Unit 1102 at Somerset House in Friendship Heights sold for $2,525,000, followed by The Odyssey in Arlington at $1,450,000, The Watergate in Foggy Bottom at $1,170,000, The Adagio in Bethesda at $1,105,000, The Sonata in Mount Vernon Triangle at $875,000, and Atrium in Arlington at $775,000.        

 

Highest Sales Price to List Ratio

At the top of the stats, Unit 1507 at The Watergate in Foggy Bottom sold for $1,170,000 — that was 109.86% above the listing price. Union Row in U Street Corridor was a close second at 109.14%. Somerset House in Friendship Heights was third at 101.0%. Three full price sales in Mount Vernon Triangle finished the list: The Whitman, 555 Mass and City Vista.

 

Highest Prices Per Square Foot

Somerset House in Friendship Heights led the way again. Unit 1101 closed at $1,009 per SF. Next in order: The Odyssey in Arlington with $766/SF, Union Row in U Street Corridor with $658/SF, The Adagio in Bethesda with $650/SF, and two in Mount Vernon TriangleThe Sonata at $649/SF and The Whitman at $646/SF.

 

Highest Price New Listings

At $4,845,000, the top new listing for January is one of three must-see listings at The Lauren in Bethesda. A $3,999,990 listing at Hampden Row in Bethesda, a $3,400,000 penthouse at Turnberry Tower in Arlington and a $2,850,000 stunner at The Ritz-Carlton West End all made the list.

 

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