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DC Luxury Condo Sales like Life At The Top
March, 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
Gallery Place in Chinatown offers the height of commuter convenience, given its location smack-dab on top of the Metro station. This full-service luxury condominium overlooking the world-famous Friendship Arch had the distinction of three sales in March. Madrigal Lofts in Mount Vernon and the Ritz-Carlton West End also shared top honors with three sales each.
Coming in second with two sales each were the Clara Barton in Penn Quarter, Somerset House in Friendship Heights, The Columbia in the West End, The Odyssey in Arlington, The Waterview in Arlington and Yale Street Laundry in DC’s Mount Vernon.
Addresses with one sale each include 2020 Lofts in the U Street Corridor as well as 2424 Lofts in Adams Morgan with the building’s first sale since November 3, 2017 (Unit #R2 at $1,734,500); The Willison in Logan Circle with its first sale since June 5, 2017 (Unit 12 for $975,000) and 1661 Crescent Place in Adams Morgan with that building’s first sale since September 27, 2016 (Unit #504 for $245,000).
Highest Sales Prices
The highest condominium sales price in March belonged to Unit #6A at the full-service Ritz-Carlton West End. The 3-bedroom, 3.5-bath luxury apartment has 2,776 square feet of living space, a fireplace in the living room, foyer, gallery, breakfast room, formal dining room and library. The closing price was $2,325,000.
Placing second was Unit #R2 at 2424 Lofts in Adams Morgan. This 3-bedroom, 3-bath loft residence with a whopping 4,430 square feet of living space plus two terraces was the first sale at the century-old building since November 3, 2017. The sales price was $1,734,500.
Unit #508 at the Somerset House in Chevy Chase came in third at $1,650,000. The 2-bedroom, 2.5-bath apartment has a hexagonal layout with 2,547 square feet of living space and a big wraparound terrace.
Fourth place goes to Unit #1612 at The Odyssey in Arlington. The 3-bedroom, 3.5-bath luxury residence in this modern curvilinear building closed at $1,600,000. Unit #121 at Gaslight Square is also located in Arlington, right along the popular Rosslyn-Ballston Corridor. The 2-bedroom, 2.5-bath loft with giant factory-style windows and a Chef’s kitchen sold for $1.3 million. Keeping the trend in Arlington is our final listing, Unit #603 at The Weslie in the Rosslyn neighborhood. The 2-bedroom, 2.5-bath apartment with soaring ceilings, parquet floors, marble baths and a beautiful private terrace sold for $1,275,000.
Highest Sales Price to List Ratio
The building with the highest list-to-sales ratio in March was the Yale Steam Laundry, a historic former laundry in the Mount Vernon neighborhood that once served the White House. Unit #908 with its giant windows and hardwood floors advertised for $485,000 but sold for $495,111—102.08% over list!
On the other side of the Potomac, Unit #1909 at The Waterview in Arlington’s Rosslyn neighborhood sold for $540,000, representing 101.89% of its $530,000 asking price. The super-cute one-bedroom flat features stunning river views. Madrigal Lofts in Mount Vernon is home to Unit #818, a 2-bedroom, 2-bath that sold for $630,000 or 100.80% of its list price.
Next on the list is Unit #2 at The Floridian in the U Street Corridor. The one-bedroom industrial chic pad with wide-plank floors and cement ceilings was offered for $399,000 and sold for $401,450 or 100.61% over asking. Unit #W212 at the Wooster and Mercer Lofts in Arlington listed at $725,000 and closed at $726,000 or 100.61% of the original ticket price, while Unit #1016 at Gallery Place in Chinatown sold for $455,000 (100.11% over list).
Highest Prices Per Square Foot
Unit #PH3J at the Ritz-Carlton West End topped the highest price per square foot list in March. The stunning two-story penthouse with 2-bedrooms and 2.5-baths plus a private roof deck has 2,490 square feet of interior space and sold for $2,150,000 or $863.45 per square foot.
Placing second was Unit #436 at The Columbia, also in the West End neighborhood. The 2-bedroom, 2-bath corner apartment with 1,354 square feet of living space closed for $1,100,000 or $842.27 per square foot.
Coming in third was Unit #502 at The Metro in Logan Circle. The 1,188 square foot flat with gleaming hardwoods, overhead ductwork and a private terrace closed for $979,000 or $824.07 per square foot.
Fourth place goes to Unit #121 at Gaslight Square in Arlington. The 2-bedroom, 2.5-bath open loft with 1,600 square feet of space sold for $1.3 million or $812.50 per square foot. Unit #1909 at The Waterview in Arlington is a 1-bedroom, 1-bath flat with floor-to-ceiling windows, terrific views of the Potomac, a frosted-glass bedroom wall and 687 square feet of space. It listed at $530,000 and closed at $540,000: $10 grand over asking and a sturdy $786.03 per square foot. Our final condo in this category is Unit #305 at Lot 33 in the ever-trendy Adams Morgan neighborhood. The 2-bedroom, 2-bath flat in this contemporary boutique building has 2-bedrooms, 2-baths and 837 square feet of space. It sold for its full asking price of $649,000 which equals $776.46 per square foot.
March Highest Price New Listings
The District’s highest-priced new condo listing in March was #PH217 at Washington Harbour in Georgetown. The waterfront penthouse with a $6,850,000 price tag has 2-bedrooms, 3.5-baths, a den, 3,700 square feet of living space plus a 5,000 square foot terrace overlooking the Potomac with private pool, spa, waterfall, fountain, fire pit, cabana and gardens. The interior boasts a master suite with his and hers bathrooms, a den and four fireplaces. This lavish residence also comes with three parking spaces.
Placing second was Unit #702 at Parc Somerset in Chevy Chase, Maryland. Listed at $3,650,000, the 3-bedroom, 3.5-bath flat has been featured in Architectural Digest. Offering 3,400 square feet of space plus two balconies, this city home with its beautiful tray ceilings and quarter-sewn wood floors is the height of elegance.
Also at the Parc Somerset is Unit #202 with 3-bedrooms, 3.5-baths, 3,400 square feet of space and a master suite with his and hers baths. With a curvilinear concept, fireplace, giant kitchen and balcony, this spacious residence is listed at $3,400,000.
In fourth place is Unit #1103 at CityCenterDC in the Mount Vernon neighborhood. The 2-bedroom, 2.5-bath penthouse has 1,720 square feet of space with dramatic floor-to-ceiling window walls, White Oak floors, custom wall treatments and a 1,010 square foot sky terrace with landscaping and fire pit. The asking price is $3.2 million.
The fifth-highest listing in March was Unit #PH-3 at the Cheval in Bethesda. The 2,763-square foot penthouse with 3-bedrooms and 3.5 baths listed March 12 for $3 million and went under contract the next day!
Coming in a very close sixth was Unit #96 at the Westlight in DC’s West End neighborhood. The building’s cantilevered façade is the height of modernism, while the 3-bedroom, 3-bath penthouse plus den features white-on-white minimalism, giant glass windows and a private roof terrace, all for $2,995,000.