Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
February, 2019 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 two sales in February. The notable 12-story condominium with its hotel-style living offers a full range of luxury amenities, including rooftop terrace with pool, indoor kitchen, outdoor grills, dining areas, club room with kitchen and fireplace, private movie screening room and so much more!
Somerset House in Friendship Heights also had two sales, including Unit #306 which sold for $1,283,500: one of the highest closings of the month. The very modern Floridian with two buildings along the trendy U Street Corridor had two sales as well. Unit #3004 with 2-beds and 1.5 baths closed at its full asking price of $599,900, while Unit #6003 with 1-bed and 1-bath sold for $499,500.
There were a multitude of popular buildings that had one sale each in February. These include 22 West in the West End, City Vista in Downtown DC’s Mount Vernon, Gallery Place in Chinatown, Hampden Row in Bethesda, Lionsgate which is also in Bethesda, Lot 33 in Adams Morgan, Madrigal Lofts in Mount Vernon, Mather Studios in Chinatown and Matrix in Logan Circle.
Highest Sales Prices
The Edgemoor at Arlington is notable for its first sale since January 4, 2018, as well as the highest-priced sale in February 2019. Unit #101 listed at $2,100,000, with 3-bedrooms, 2-5-baths, cove ceilings, hardwood floors, Chef’s kitchen and French doors leading to a private garden patio. The final closing price was $1,850,000.
Coming in a solid second was Unit #W305 at the ever-popular Wooster and Mercer in Arlington’s Rosslyn neighborhood. The 3,000 square-foot loft with 3-bedrooms, 3-baths, towering two-story windows and floating iron stairs listed for $1,699,000 and closed at $1,580,000.
Unit #6L at 22 West in Washington’s West End sold for $1,327,000 after being offered at $1,399,700. The 2-bedroom, 2-bath super-modern flat has warm hardwood floors, a minimalist open kitchen and giant floor-to-ceiling windows.
Coming in fourth was Unit #306 at Somerset House in Friendship Heights. The 2,278-square foot residence has intriguing room shapes, a combination of hardwood and tiles floors and a sweeping wraparound balcony. It sold for $1,283,500.
Unit #1504 at Turnberry Tower in Rosslyn is a super-spacious 1-bedroom, 2-bath flat with a den, direct elevator, balcony and modern kitchen that sold for $1,000,000.
Next on the list is Unit #613 at Lionsgate in Bethesda, Maryland. The 2-bedroom, 2-bath apartment with beautiful hardwood floors, a gourmet open kitchen and cute balcony closed at $993,500.
Our final entry is Unit #337 at The Columbia in the West End. The 2-bedroom, 2-bath flat with pale hardwoods, east-facing windows and a balcony, listed for $989,000 and closed for full price.
Highest Sales Price to List Ratio
The highest sales price-to-list ratio for February belonged to Unit #926 at The Residences at Gallery Place in DC’s Chinatown. The luxury building literally sits atop the Metro station for the ultimate in commuter convenience. The stylish 2-bedroom, 2-bath apartment with its gleaming hardwood floors throughout, was offered at $550,000 and closed for $600,500: a whopping $50,500 over list (109.18%).
Coming in second was Unit #329 at The Lofts at Adams Morgan. The 2-bedroom, 2-bath loft with exposed overhead ductwork, hardwood floors, open modern kitchen and an appealing brick terrace closed at $680,000 or 100.76% of its asking price.
Placing third was Unit #4008 at Adagio in Bethesda. The roomy 1-bedroom, 1-bath flat has 942 square feet of living space, an open floor plan, floor-to-ceiling windows and a balcony. It sold for $490,000 which is 100.20% of asking.
Next on the list is Unit #414 at City Vista in DC’s Downtown Mt. Vernon neighborhood. The 2-bedroom, 1.5-bath apartment has a super-clean open floorplan with wide-plank hardwoods, a recessed modern kitchen with stainless steel appliances and a built-in office nook. The final sales price of $616,000 was 100.16% over list.
Unit #337 at The Columbia in the West End is a handsome 2-bedroom, 2-bath residence at the former Columbia Hospital for Women. Featuring pale hardwoods, a delightful balcony and gourmet kitchen, the apartment closed for a full 100% of its $989,000 list price.
Our final entry is Unit #102 at the contemporary Lot 33 in trendy Adams Morgan. The 2-bedroom, 2-bath ground floor flat features an appealing open space layout and a terrific private patio. It sold for $650,000 which is 100% of the asking price.
Highest Prices Per Square Foot
Unit #6L at 22 West in the West End topped this list at $947.18 per square foot. The 2-bedroom, 2-bath flat with 1,401 feet of living space was also the month’s third-highest sales price in Washington Metro at $1,327,000.
Placing second was Unit #337 at The Columbia in the West End. The 2-bedroom, 2-bath residence with 1,196 square feet of space closed at its full asking price of $989,000 which translates to $862.92 per square foot.
Coming in third was Unit #404 at the modern Q 14 in Logan Circle. The open-concept apartment with giant south-facing windows overlooking Q Street has 2-bedeooms and 2-baths, and sold for $925,000 or $786.56 per square foot.
Next on the list is Unit #1126 at the Residences at Market Square in Penn Quarter. The cozy 1-bedroom, 1-bath apartment with 564 square feet of space, wood floors and a nifty modern kitchen sold for $420,000 or $744.68 per square foot.
Unit #102 at Lot 33 in Adams Morgan sold for its full asking price of $650,000 which was also a sturdy $742.86 per square foot. The 2-bed, 2-bath ground level flat is embellished with a roomy private patio.
Last but not least is Unit #302 at The Matrix in Logan Circle. The 1-bedroom, 1.5-bath residence has a very cool split-level concept with 800 square feet of living space. The closing price was $574,900 or $718.63 per square foot.
February Highest Price New Listings
Washington’s highest priced new listing in February was Unit #PH3E at the Ritz-Carlton West End, a one-of-a-kind penthouse with over 5,000 square feet of living space. Offered at $6,895,000, this 3-bedroom duplex has 5.5 baths, entry gallery, professional grade kitchen, butler’s pantry, living room with fireplace, dining room, family room, two large balconies on the main level and a 4,000-square foot private rooftop terrace.
Coming in second was Unit #2002, a presale opportunity at the stunning new Monarch in rapidly expanding Tysons, Virginia. The luxury high rise is scheduled for completion in 2020. This 3,390-square foot residence features 3-bedrooms, 3.5 baths, floor-to-ceiling windows and private elevator. The asking price is $3,396,000.
Next on our list is Unit #61 at the modernist Westlight in Washington’s West End. Offered for $3,090,000, the white-on-white 3-bedroom, 3-bath flat has 2,507 square feet and walls of windows offering North, South and West exposure.
Coming in a close fourth is Unit #501 at the legendary Watergate in Foggy Bottom. Priced at $2,995,000, the 3-bedroom, 2.5-bath cooperative boasts 2,589 square feet, a remodeled open floor plan, beautiful hardwood floors, Chef’s kitchen and a wraparound terrace with panoramic views of Potomac River sunsets.
Fifth on our list is Unit #1 at the Wormley School in Georgetown. The 2-bedroom, 2.5-bath residence in the historic schoolhouse is listed at $2,799,000 and features timeless finishes, two gas fireplaces, steam showers, soaking tubs, sunroom and expansive terrace with gas fire pit and a dog run!
Our final entry is Unit #307 at The Montrose in Georgetown. With 3-bedrooms, 3.5-baths and a very spacious 2,495 square feet of living space, the luxury penthouse duplex features a private elevator, family room and a charming private terrace off the top floor. The asking price is $2,500.