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September, 2022 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
For the second month in a row, the iconic Watergate in Washington’s Foggy Bottom neighborhood leads the way in the number of units sold. The midcentury modern cooperative complex had three closings in September. Notably, Unit #421 was the third-highest sale for the month at $1,875,000. The three-bedroom, 3.5-bath residence with a library/home office and 3,036 square feet of beautifully designed living space also has a sweeping 40-foot long balcony with wooden flooring and river views. There were three buildings with two sales each. They are: The Ritz-Carlton West End in Washington’s West End neighborhood, Yale Steam Laundry in Mount Vernon Triangle, and Atrium in Arlington’s Rosslyn community.
Among these sales is a double honoree in other categories this month. Unit #8C at Ritz-Carlton West End was both the fifth highest sale as well as the fifth highest price per square foot. The two-bedroom, 2.5-bath residence with 1,846 sq. ft. of sunny living space closed at $1,650,000, translating to $893.82 per square foot. Features include Brazilian cherry herringbone floors, a large gourmet kitchen with recessed appliances, two private balconies, and marble baths. Unit #210 at Yale Steam Laundry might not be particularly large at 738 square feet, but it is very attractive with its blonde floors, open modern kitchen, and giant windows. The one-bedroom, one-bath flat had the month’s fifth highest list-to-sales ratio, selling for $475,000 or 99.89 percent of the original asking price. The closings at Atrium were for $490,000 and $480,000 respectively.
We have eight buildings with one sale each in September: 22 West in the West End, 525 Water Street in Georgetown, 555 Mass in the Mount Vernon Triangle, City Center, also in the Mount Vernon Triangle, Chase Point in Friendship Heights, Delancey Lofts in Adams Morgan, Dumbarton Place in Dupont Circle, and eNvy in the Navy Yard. This grouping delivered some real highlights including the highest priced sale, the highest list-to-sales ratio, and the second-highest price per square foot, all at Unit #3D at 22 West. The three-bedroom, three-bath corner condo with an open and modern 1,967 square foot floorplan sold for $2,099,999, translating to a full price offer and $1,067.62 per square foot. Another standout is Unit #PH9 at Chase Point. This spectacular two-level penthouse with two bedrooms, a den and an expansive private rooftop deck closed at $1,745,000, making it the fourth highest sale in September.
Highest Sales Prices
Topping the sales charts in September is Unit #3D at 22 West in the West End neighborhood. The open and airy apartment with two bedrooms, a den, three baths, and 1,967 square feet of sunny living space sold for its full asking price of $2,099,999. Giant and uninterrupted expanses of windows come together on two sides in the living/dining area, for an incomparable urban vista. The unit also had the second highest price per square foot at $1,067.62. The second highest sale was another full-priced closing, with Unit #606 at The Weslie in Arlington’s Rosslyn waterfront community bringing in $1,960,000. The three-bedroom, 2.5-bath apartment with its stunning views of the Potomac River and monuments, offers a spacious 2,024 square foot layout. It also captured the third highest price per sq. ft. at $968.38.
The third highest sale goes to Unit #421 at the iconic Watergate in Foggy Bottom. The super-sized co-op with three beds, 3.5 baths, a library/den, views of the river from the balcony, and a 3,036 square foot sublime modern floorplan, closed at $1,875,000. Unit #PH9 at Chase Point in Friendship Heights nabs fourth place in September with a $1,745,000 transaction. The 2,190 square foot penthouse with two bedrooms, two baths and 2,190 square feet of interior space, also has a huge private roof deck that is perfect for hosting dinner parties.
The fifth highest sale is Unit #8C at the Ritz-Carlton West End. The $1,650,000 sales price for the two-bedroom, 2.5-bath residence with 1,846 square feet of living space and two private balconies also translates to the fifth highest price per square foot at $893.82. Closing out this list is Unit #703 at VIO at The Wharf, in Washington’s Southwest Waterfront. The two-bedroom, two-bath flat with 1,269 square feet of modern living space sold for $1,587,500. This listing also captured the highest price per square foot for the month at $1,250.99. The new owners will enjoy stunning views of the Washington Channel from floor-to-ceiling windows and a private terrace.
Highest Sales Price to List Ratio
Unit #3D at 22 West in Washington’s West End neighborhood took home top honors in the list to sale ratio in September. The 1,967 square foot apartment with two bedrooms, a den and three full baths also captured the highest overall sales price for a condo or co-op, as well as the second highest price per square foot, closing at $2,099,999 for 100 percent of asking and $1,067.62 per square foot. The corner condo has huge window walls that come together at a point, providing an incredible city view. There were three other closings at full price in September, starting with Unit #205 at The Columbia in the West End. The two-bedroom, two-bath residence at the historic former women’s hospital listed in August at $1,050,000 and went under agreement just three days later. The fast contract and prompt closing for the west-facing unit with a private balcony is indicative of the popularity of this luxury community with its own on-site Trader Joe’s.
Unit #606 at The Weslie in Arlington nabs third place in list to sales, along with the second highest overall sale and third highest in the size category. The three-bedroom, 2.5-bath apartment with 2,024 sq. ft. of living space and glorious views of the Potomac River, sold for 100 percent of its $1,960,000 asking price, and $968.38 per square foot. Unit #1908 at Verse sold for $629,000. That’s a full priced closing for the one-bedroom, one-bath flat with 761 square feet of living space, wide plank floors, and a Euro-style gourmet kitchen that fits neatly along one wall. Verse is part of the new mixed-use Boro community in a fast-growing area that bridges the McLean and Tysons neighborhoods.
Fifth place goes to Unit #210 at the historic Yale Steam Laundry in Mount Vernon Triangle. The 738 square foot condo with one bedroom, one bath, huge factory style windows and an open modern kitchen sold for $475,000 or 99.98 percent of the asking price. Closing out the list is Unit #407 at Delancey Lofts in the Adams Morgan neighborhood. The top floor residence with a loft bedroom, one bath, and a spacious 1,045 square foot layout listed for $624,999 and sold for $620,000, or 99.20 percent of the asking price. The many features include soaring ceilings, exposed ductwork, beautiful diagonally laid hardwood floors, a stunning Euro-style kitchen, an extended private balcony, and parking.
Highest Prices Per Square Foot
The top price per square foot in September goes to Unit #703 at VIO in the Southwest Waterfront. This was also the fifth highest overall sales price at $1,587,500. The two-bedroom, two-bath modern apartment has a 1,269 square foot floorplan, equaling $1,250.99 per sq. ft. Located right on top of the promenade at Washington’s newest hot spot, The Wharf, this sublime condo has giant windows plus a private balcony with direct view of the Washington Channel and boat slips. Second place honors in the size category go to the month’s highest sale, Unit #3D at 22 West in the West End neighborhood. The two-bedroom, two-bath apartment with a bonus den/library and 1,967 square feet of luxe living space sold for its full asking price of $2,099,999, translating to $1,067.62 per square foot.
Another listing that ticked off multiple boxes is Unit #606 at The Weslie in Rosslyn with three bedrooms, 2.5 baths and 2,024 sq. ft. of living space. The swanky apartment with stunning river views was the second highest overall sale at $1,960,000, the third highest list-to-sales at 100 percent, and third highest price per square foot at $968.38. Fourth place goes to Unit #601 at City Center in downtown Washington’s Mount Vernon Triangle. The 945 square foot apartment with one bedroom, one bath and floor-to-ceiling windows wrapping around two sides, sold for $845,000 which equals $894.14 per square foot.
Unit #8C at the Ritz-Carlton West End captured fifth place in the price per square foot category at $893.82 as well as $fifth place in the overall sales at $1,650,000. The two-bedroom, 2.5-bath condo with 1,846 square feet of living space and two private balconies, is at a full-service building that combines hotel and condominium amenities, resulting in a world class white gloves experience. Our final standout in the size category is Unit #803 at The Bower, a recently completed luxury tower in the Navy Yard neighborhood. The 1,050 square foot condominium with two bedrooms and two baths sold for $890,000 or $847.62 per sq. ft. Features include industrial finishes, exposed ductwork, an open gourmet kitchen that fits neatly into one corner, and a wonderful private terrace with views of the Anacostia River.
September, 2022 Highest Price New Listings
September ushered in a tightly bunched crop of listings at the top of the price chart. Leading the pack is Unit #PH103 at the fabulous Westlight in Washington’s West End neighborhood. Offered at $4,999,999, the three-bedroom, 3.5-bath corner penthouse with a 2,919 square foot floorplan is open and airy with a large foyer that segues into a giant living/dining area with wraparound windows. There’s also a bonus den, perfect for use as a work-from-home space. Second place goes to Unit #PH3 at a href="https://search.lifeatthetop.com/search/results/hampden-row-luxury-condos-for-sale" title="Click to search all available listings at Hampden Row" target="_blank" rel="noopener">Hampden Row in Bethesda. Listed at $3,995,000, the bespoke penthouse has been customized by acclaimed designer Mary Drysdale and offers a very spacious and open 2,779 square foot layout with two bedrooms, 2.5 baths, and an extended 1,500 square foot balcony accessible from multiple entry points.
Also at Hampden Row is Unit #405 for $3,975,000. The three-bedroom, 3.5-bath apartment with 2,780 square feet of interior space and premiere custom finishes boasts a one-of-a-kind, 2,100 square foot private terrace that has been professionally landscaped! Fourth place goes to Unit #1118/1119 at the legendary Watergate in Foggy Bottom. Listed at $2,850,000, the ultra-roomy four-bedroom, 4.5-bath co-op has 3,375 square feet of living space and a long, curved balcony that offers the most incredible views of the Potomac River.
Moving across the water to Arlington’s Rosslyn community, Unit #2501 at The Waterview takes fifth place with a $2,850,000 asking price. Once again, stellar views are on the menu with giant windows gazing out at the river, and all the way across to Georgetown. There are three bedrooms, 3.5 baths, a private elevator, and 2,165 square feet of modern living space. Closing out this list is Unit #PH2 at The Bower in Washington’s Navy Yard. Offered at $2,350,000, the three-bedroom, 3.5-bath penthouse with 2,084 square feet of living space has wide-plank floors throughout, custom wall finishes, a laundry room/butler’s pantry with a wine fridge, and a giant wall of windows including sliders that open out to a wonderful rooftop deck, perfect for grilling and relaxing.