Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
September, 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
The Clara Barton in Penn Quarter had three sales in September, marking the second month in a row that the “It Building” topped the District’s leaderboard. But while this modern address with hotel-style living stood alone at the top, no less than five buildings had two sales each. Those include Atrium in Arlington, Madrigal Lofts in Mount Vernon Triangle, The Lafayette (sister building to Clara Barton) in Penn Quarter, The Pennsylvania in Penn Quarter and the legendary Watergate in Foggy Bottom. There were also five buildings in which one unit sold. Notable on this list is Adams Alley in Adams Morgan. A three-level penthouse marked the first sale for this historic former Colortone Printing Building since August 12, 2017. The remainder of the one-sale list is as follows: 2020 Lofts in the U Street Corridor, Adams Row in Adams Morgan, City Center in Mount Vernon Triangle and Gaslight Square in Rosslyn.
Highest Sales Prices
The strikingly modern Westlight in DC’s West End was home to the highest sales price in September. Unit #9C with 3-bedrooms, 3.5 baths and a whopping 3,051 square feet of living space closed for $4,445,000, a full 100% of its asking price! Coming in second was Unit #6B at the landmark Wardman Tower in Woodley Park. The 2-bedroom, 2.5 bath residence with 2,503 square feet of space sold for $2,480,000, or $990.81 per square foot. The next entry is Unit #111 at Gaslight Square in Rosslyn. The 2-bedroom, 2.5 bath loft residence with two-story factory-style windows and private patios on both levels sold for $1,410,000. Fourth is #1612 at Turnberry Tower, also in Arlington’s Rosslyn waterfront community. The 2-bed, 2-bath apartment with breathtaking views closed at $1,300,000. Unit #1146 at the Clara Barton in Penn Quarter with 3-bedrooms and 3.5 baths sold for $1,050,000. Finally, sixth place goes to Unit #10 at Logan Station in Logan Circle, which closed for $1,050,000. The modern 3-bed, 2-bath flat had been listed for $1,099,000. An Honorable Mention goes to Washington Harbour in Georgetown for its first sale since May 26, 2017. Unit #210, a 1-bed, 2-full bath plus den residence with a very large 2,528 square-foot floorplan, had listed for $1,075,000 and closed for $955,000.
Highest Sales Price to List Ratio
The top sales-to-list ratio in September belonged to Unit #103 at Madrigal Lofts in Mount Vernon Triangle. The 2-bed, 2-bath industrial-style loft had listed for a very reasonable $539,000 and sold for $555,000. That’s 102.97% over asking. Second on the list is #520, a one-bed apartment at the 16-story Odyssey in Arlington that sold for $445,000 after listing for $440,000 (101.14%). Next is The Lafayette in Penn Quarter where #129, a very spacious one-bed flat, sold for $480,000 which was 101.05% over list. Unit #851 at the Clara Barton which is connected to The Lafayette, sold for $675,000 after being listed for $669,500. The 2-bed, 2.5 bath residence is in a building noted for its many hotel-style amenities. Unit #311 at Adams Alley in Adams Morgan closed for $881,000 after listing for $874,500. The 3-story penthouse has 2-beds and 2.5 baths plus additional loft space. There are only 12 residences here, sitting over a historic commercial structure. Our final entry is #801 at the fabulous City Center in MVT. The 925-square foot one-bedroom unit closed for $925,000—that’s 100% of its asking and $1,000 per square foot!
Highest Prices Per Square Foot
The highest price per square foot sale in September belongs to Unit #9C at The Westlight in West End, which is coincidentally the highest sales price as well. This ultra-large city home has 3,051 square feet of interior space and sold for $4,445,000, or $1,456.90 per square foot. That’s luxury living! Other monthly leaders include Unit #801 at City Center in the Mount Vernon Triangle which sold for 100% of its asking price and $1,000 per square foot; Unit #6B at Wardman Tower in Woodley Park for $980.81 per square foot; Unit #10 at Logan Station in Logan Circle for $925.94 per square foot and Unit #602 at Metropole in Logan Circle for $892.86 per square foot. Our final highest-per-foot was also one of the highest sales prices for the month: Unit #111 at Gaslight Square in Rosslyn, a two-story loft with floating spiral staircase and two private terraces for $1,410,000 or $881.25 per square foot.
Highest Price New Listings
As summer turned to fall, a new batch of top dollar listings hit the marketplace. The most expensive is PH#12, a 3,700 square foot one-of-a-kind waterfront penthouse at Washington Harbour in Georgetown. Here, $7,200,000 gets you 2-bedrooms, 3.5 baths, a library, formal dining room, parlor, chef’s kitchen and a 5,000 square foot panoramic terrace overlooking the Potomac River and DC itself. Next is Unit #502 at Watergate West in Foggy Bottom. The Robert Gurney makeover combines two units into a spectacularly modern 4-bed, 3.5 bath residence with 1,000 square feet of private outdoor space overlooking the river and Key Bridge, all for $4,300,000. Coming in third is #702 at Somerset House in Friendship Heights. The 3-bed, 3.5 bath apartment with 3,399 square feet of interior space plus 2 balconies was featured in Architectural Digest and is listed at $3,875,000. Also at Somerset House is #502 with 3-beds, 3.5 baths, two balconies and 3,400 square feet of space for $3,350,000. We return to the iconic Watergate for the final two listings. Unit #1021 has 2-bedrooms, 2.5 baths plus den with 3,200 square feet of living space for $3,295,000 while Unit #712-S is a two-story residence with 3 beds, 2.5 baths and 2,350 square feet for $3,250,000. Each of the two apartments has a private outdoor terrace.
