Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
July, 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
Two of our “It Buildings” registered the Most Units Sold in July: The Watergate in Foggy Bottom and Union Row in the U Street Corridor. Selling a substantial five units each were the Madrigal Lofts in Mount Vernon Triangle and The Whitman, also in Mount Vernon Triangle. Two buildings sold a sturdy four units each: City Center in the Mount Vernon Triangle and The Clara Barton in Penn Quarter. Three buildings sold three units each: 2020 Lofts in the U Street Corridor, City Vista in Mount Vernon Triangle and The Odyssey in Arlington. Last but certainly not least, there were five buildings that sold two units each. Those were Northumberland in Dupont Circle, The Artisan in Penn Quarter, The Floridian in the U Street Corridor, The Watergate in Foggy Bottom and Union Row in the U Street Corridor.
Highest Sales Prices
The historic Wardman Tower in Woodley Park had the highest-priced sale for the second month in a row in July. This time it was Unit #5F which closed for $3,430,000. The beautifully renovated 3-bedroom, 3.5 bath city home has handsome hardwoods, recessed ceilings and 3,292 square feet of living space. Coming in second at $1,825,000 was Unit #9A at one of our “It Buildings,” 22 West in the West End. This modern penthouse duplex has two bedrooms, two full baths, a gourmet kitchen, an expansive private roof deck and an office/den on the second floor. Also selling for $1,825,000 was Unit #1609 at the Somerset House in Friendship Heights with 3-bedrooms, 2.5 baths and a spacious 2,442 square feet. Next is #906 at City Center in the Mount Vernon Triangle with two-beds, 2.5 baths, 1,370 square feet and 5-star amenities. Heading across the river to Arlington’s Rosslyn neighborhood is the gleaming Turnberry Tower and #1102 which sold for $1,540,000. This spacious 2,227 square-foot residence has marble floors, an open kitchen with Sub Zero and Miele appliances, a long balcony and all the Turnberry amenities. Our final entry is Unit #403 at Logan Circle’s Cooper Lewis building. This very hip 1,250 square-foot pad boasts hardwoods, a European-style kitchen and a 400 square-foot terrace. Stroll to all the Logan Circle bars and restaurants!
Highest Sales Price to List Ratio
The highest sales-to-price listing in Washington, D.C. in July was Unit #719 at Gallery Place in Chinatown. The one-bedroom condo listed for $487,000 and sold for $505,000 for a healthy 106.32% over list. Coming in second was City Vista in the Mount Vernon Triangle for 104.19% over the asking price. Over-list sales in other buildings included 2020 Lofts in the U Street Corridor for 103.18%, Cooper Lewis in Logan Circle for 101.18%, Delancey Lofts in Adams Morgan for 101.17% and Clara Barton in Penn Quarter for 100.78%.
Highest Prices Per Square Foot
Leading off this category in July was #902 at City Center in Mount Vernon Triangle. The 2-bedroom, 2.5 condo with modern finishes and floor-to-ceiling windows closed at $1,300,000 with a $1,164.87 per square foot ratio. Other July leaders include Wardman Tower in Woodley Heights at $1,041.92, 22 West in the West End at $1,017.85, Cooper Lewis in Logan Circle for $968, The Waterview in Arlington at $795.45 and The Columbia in the West End at $764.71.
Highest Price New Listings
The highest-priced new listing in July was Unit #607 at Residences at Harbourside in Georgetown, a 4-bedroom, 5-bath duplex penthouse with two large terraces and stunning views of the Potomac River. Listed at $5,700,000, this lovely home has an in-law suite, private elevator and over 5,000 square feet of living space. Coming in second was Unit #154 with 3-bedrooms, 3.5-baths and 4,626 square feet at Quarry Springs, a 13-acre gated community in Bethesda, Maryland. Unit #6F at Wardman Tower in Woodley Park listed at $3,695,000 with 3-beds, 3.5 baths and 3,292 square feet of interior space. A two-story penthouse, #402 at Georgetown Madelon, features 5-bedrooms and 4.5 baths, 12-foot ceilings, a library, gourmet kitchen and an elongated private terrace affording spectacular city views. At the Tenley Hill in Tenleytown, Unit #502 is priced at $2,700,000 and offers three bedrooms, 3.5 baths, three fireplaces, two floors of living space and a 520 square-foot private terrace. Our final entry is #2 at The Caroline, a beautifully restored series of three connected Beaux-Arts rowhouses in Logan Circle dating back to 1885. The 3-bedroom, 2.5 bath penthouse has white oak herringbone floors, direct elevator access and an amazing 1,000 square-foot rooftop terrace.