Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
December, 2018 DC Penthouse and Luxury Condo Marketing Activity Report
For the latest in the DC Luxury Condo Market, stay informed with our blog every month.
Most Units Sold
555 Mass in Mount Vernon Triangle topped the leader board in December for the most sales activity. This elegant building with full service amenities had six closings! The high-rise with its rooftop pool enjoys a prime Downtown location, just steps from a dizzying array of top restaurants.
Tied for second place were City Vista in Mount Vernon Triangle and Gallery Place in Chinatown, each with three sales. There were five buildings in Washington Metro with two sales each in December: Dumbarton Place in Dupont Circle, Ten Ten Mass in Mount Vernon Triangle, The Columbia in the West End, Union Row in the U Street Corridor and Turnberry Tower in Rosslyn.
Finally, there were five buildings that had one sale each. Those were 2020 Lofts in the U Street Corridor, 22 West in the West End, Clara Barton in Penn Quarter, Delancey Lofts in Adams Morgan and Flour Mill, a Georgetown landmark with river and Potomac Park views. Also worth noting, Mather Studios in Chinatown had its first closing in December since November 2017. Unit #903 with 2-beds and 2-baths sold for $730,000. This trendy building features loft residences as well as artist spaces.
Highest Sales Prices
The spectacular Westlight building in the West End—designed with a unique cantilevered glass façade by Enrique Norten—was home to December’s highest sales price. Unit #8C with 3-bedrooms, 3.5 baths, 3,031 square feet of living space and luxurious white-on-white modern minimalism closed at its full asking price of $4,280,000!
Unit #PH1A at the Ritz-Carlton Georgetown listed for $3,495,000 and settled at $3,455,000—98.8% of its original amount. The 3-bedroom, 4.5-bath penthouse offers spectacular views of the Potomac River. Coming in third was Unit #502 at the Somerset House in Chevy Chase. The three-bedroom, 3-bath apartment with a spacious 3,400 square feet of living space closed at $2,950,000.
Next on the list was #708 at Metropole in Logan Circle which sold for $2,800,000 after listing for $2,875,000. The 2-bedroom-2-bath penthouse duplex has a very open and contemporary look with true floor-to-ceiling windows and multiple private outdoor spaces, including a large private two-level roof decks with landscaping.
Fifth place goes to Unit #303 at Turnberry Tower at Rosslyn’s waterfront in Arlington. This 2-bedroom, 2.5 bath luxury apartment received a successful offer on the same day it listed. The asking price was $1,274,900 and the closing was $1,275,000! Finally, Unit #3F at 22 West in the West End closed for $1,250,000 after listing for $1,295,000. The 2-bedroom, 2-bath contemporary dwelling has warm hardwood floors, floor-to-ceiling windows, a balcony and an open kitchen with stainless steel appliances.
Highest Sales Price to List Ratio
The top sales-to-list ratio for December belonged to Unit #229 at Union Row in the U Street Corridor. The super-cute 1-bedroom, 1-bath flat with hardwood floors, exposed ducts and a gourmet kitchen along one wall, listed for $393,000 and closed at $430,000. That’s $37,000 over asking or 109.41%!
Next on the list is Unit #T13 at 2020 Lofts, also in the popular U Street Corridor. The 2-bed apartment with open floor plan, private terrace and en-suite bath for each bedroom, listed for $594,750 but sold for $639,750, an impressive 105.88% over list.
Unit #211 at Logan Station in Logan Circle listed for $775,000 and sold for $785,000 or 101.29% above asking. The 2-bedroom, 2-bath dwelling has hardwood floors throughout and private balconies off each bedroom.
Next is #110 at Landmark Lofts, a historic development on Capitol Hill that dates back to 1874. The 2-bed, 1.5-bath unit with exposed brick, overhead ductwork and beautiful wide-plank floors listed for $724,000 and closed for $725,000 (100.14%). Next is Unit #212 at the Yale Steam Laundry, another historic repurposed building on The Hill. This impeccably renovated 1-bedroom at a former laundry that once served the White House, listed for $434,900 and closed at $435,000 (100.02%). Finally, Unit #303 at Turnberry Tower in Arlington listed at $1,274,900 and closed a tick higher at $1,275,000 (100.01%). The 2-bedroom, 2.5-bath apartment has marble floors and baths and a large balcony.
Highest Prices Per Square Foot
The highest price per square foot in December is coincidentally the month’s highest sales price as well. Unit #8C at the impossibly angular Westlight in DC’s West End features 3-bedrooms, 3.5 baths and 3,031 square feet of white-on-white stark luxury. The modernist flat closed at its full asking price of $4,280,000 or $1,412.08 per square foot.
The second-highest price per square foot and second-highest sales price belongs to Unit #PH1A, a 3-bed, 4.5-bath penthouse at the Ritz-Carlton Georgetown. With 3,050 square feet of space and spectacular views of the Potomac River, this elegant residence sold for $3,455,000 or $1,132.79 per square foot.
Coming in third is Unit #3F at 22 West in the West End. The 2-bed, 2-bath contemporary apartment with floor-to-ceiling windows, a balcony and 1,206 square feet sold for $1,250,000 or $1,036.48 per square foot.
Unit #708 at Metropole in Logan Circle is a 2-bed, 2-bath penthouse duplex with 2,837 square feet of space. With multiple outdoor spaces including a two-level roof deck, this striking city home sold for $2,875,000 or $986.96 per square foot. Next is Unit #502 at Somerset House in Chevy Chase. The 3-bed, 3-bath apartment with a very roomy 3,400 square feet of space sold for $2,950,000 or $867.65 per square foot. Our last entry is Unit #53 at Dumbarton Place in Dupont Circle. The lovely 1-bedroom, 1.5-bath flat with 879 square feet sold for $760,000 or $864.62.
Highest Price New Listings
The highest priced new listing in the Washington Metro area during the month of December was Unit #TS01, a "Tower Suite" at Turnberry Tower in Arlington’s Rosslyn waterfront neighborhood. Designed by renowned architect Salo Levinas, this top floor penthouse features 180 degrees of elongated balconies with stunning views of the Potomac River, Georgetown, Downtown DC and Arlington. With 3-en suite bedrooms, 4.5 baths, an office and a den, this elite city home in the sky is offered at $5,200,000.
In second place is a lofty penthouse that has already closed. Unit #PH1A at the full-service Ritz-Carlton Georgetown was not only the second-highest priced listing at $3,495,000, it also had the second-highest sales price at $3,455,000 and the second-highest price per square foot at $1,132.79!
The next three entries are all at the recently delivered Westlight in the West End. The modernist structure with jutting angles features true floor-to-ceiling windows, pale hardwood floors and white-on-white recessed Italian kitchens. Unit #6c is a 3-bedroom, 3-5-bath corner unit with 2,515 square feet of living space, listed for $3,380,000. Unit #9F has 3-beds, 2-baths and a den, and 2,415 square feet, priced at $3,195,000. Impressively, Unit 8F with 3-beds and 3-baths the same building went pending just a day after being listed for $3,115,000.
Our final entry is at 2501 M in Georgetown. Unit #302 listed for $2,898,000 on December 30 and went under contract the same day for $2,830,000. The 2-bedroom, 2.5-bath contemporary flat has a balcony and tons of style.
