Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
June, 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.
In June, the Butterfield House on Capitol Hill had its first sale since August 10, 2016. Unit 601 is a stunning 2-bedroom, 2-bath penthouse on the top floor featuring amazing views, southern exposure and 988 square feet of luxury. The bird’s eye residence is just two blocks from the Eastern Market Metro as well as perennially popular restaurants such as Barracks Row.
Most Units Sold
Three of our “It Buildings” registered the Most Units Sold in June: The Ritz-Carlton West End in Washington’s West End, Somerset House in Dupont Circle and The Waterview in Arlington. Selling an impressive four units was the Madrigal Lofts in Mount Vernon Triangle. Two buildings sold two units each: The Ritz-Carlton West End in the West End and Solo Piazza in Logan Circle. Five buildings sold two units each: City Vista in Mount Vernon Triangle, Somerset House, The Odyssey in Arlington and The Waterview, also in Arlington. Last but not least, there were six buildings that sold one unit each: 2020 Lofts in the U Street Corridor, 22 West in the West End, 3303 Water Street in Georgetown, the Atrium in Arlington, Butterfield House on Capitol Hill and City Center in the Mount Vernon Triangle.
Highest Sales Prices
The historic Wardman Tower in Woodley Park accounted for June’s top sale: a luxurious 3-bedroom, 3.5 bath abode with 3,288 square feet of living space that sold for $3,400,000. Placing second was a unit at the popular Ritz Carlton West End for $2,595,000. Selling for an even $2 million was a 2-bedroom, 2.5-bath residence at 3303 Water Street in Georgetown between the Potomac and the C&O Canal. An urban nesting place at City Center in the Mount Vernon Triangle came in fourth at $1,620,000, a unit at 22 West in the West End closed at $1,575,000 and Somerset House in Dupont Circle rounds out our top sales prices at $1,455,000.
Highest Sales Price to List Ratio
A unit at Lot 33 in Adams Morgan took Top Honors in the List to Sales Ratio earning 102.34% over list. Other buildings that closed in excess of their stated prices included The Whitman in Mount Vernon Triangle (101.89%), Madrigal Lofts in Mount Vernon Triangle (101.15%), Solo Piazza in Logan Circle (100.67%) and Meridian Crescent in Adams Morgan (100.56%).
Highest Prices Per Square Foot
A modern living space at 22 West in the West End comes out the victor for highest price per square foot at $1,064.19. Other June leaders include City Center in Mount Vernon Triangle at $1,053.32, Wardman Tower at $1,034.06, the Ritz West End at $968.28, Union Row in the lively U Street Corridor at $946.60 and 3303 Water Street in Georgetown at $895.26.
Highest Price New Listings
Three of the six highest priced listings in Washington Metro were at one of our cherished “It” buildings, Westlight in the West End. Topping the leader board is #7C at Westlight with 3-bedrooms, 3.5 baths and 2,857 square feet at $3,995,000. Penthouse #101 at the same luxury address is priced just a shade lower at $3,957,000. The third-highest new listing is Unit #6D at the fabulous Wardman Tower in Woodley Park with 3-bedrooms and 3.5 baths for $3,595,000. Unit #63 at Westlight is priced at $3,380,000 with 3-bedrooms and 3.5 baths. The Logan on Q Street, is home to Penthouse #6 with a private roof deck, direct elevator access, 3-bedrooms and 3.5 baths. Rounding out our top price listings is Unit #500 at The Signet in McLean, Virginia, featuring brand-new construction at $2,799,900 for 3-bedrooms, 3.5 baths and spacious private terraces.