Nobody has their finger on the pulse of
DC Luxury Condo Sales like Life At The Top
January, 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 Artisan in Penn Quarter rang in the New Year with three sales in January. The elegant 12-story mixed-use building features restaurants and retail at the ground level with 160 modern living spaces above. There were seven addresses tied for second place. Notably, 2101 Connecticut in the affluent Kalorama neighborhood, had its first sales since July 2017. Unit #26 with 3-bedrooms, 2.5 baths and 2,900 square feet of living space sold for $1,850,000 while Unit #4 with the same number of rooms and 2,800 square feet of space, closed for $1,450,000.
Other buildings with two sales each include 555 Mass in Mt. Vernon Triangle, The Atrium in Arlington, Chase Point in Friendship Heights, Hampden Row in Bethesda, Madrigal Lofts in Mt. Vernon Triangle and Turnberry Tower in Arlington’s Rosslyn waterfront neighborhood. There were also seven buildings with one sale each. Those are 2020 Lofts in the trendy U Street Corridor, 3303 Water Street in Georgetown, the Residences at CityCenterDC in Mt. Vernon, Dumbarton Place in Dupont Circle, Jefferson Row which is also in Dupont Circle and Kalorama Lofts with its modern metal-clad façade in Adams Morgan.
Highest Sales Prices
The top sales price in the first month of the year was Unit #7F at the fabulous Westlight in DC’s West End neighborhood. The 2,249 square-foot white-on-white modern flat has 2-bedrooms, 2-baths and a den, plus pale hardwood floors and a minimalist gourmet kitchen. The condo sold for $2,175,000—its full asking price. Unit #5M at 3303 Water Street in Georgetown was the second-highest sale at an even $2 million, after listing for $2,250,000. The 2-bedroom, 2-bath apartment has Potomac River views and an ideal Georgetown location. Next on the list is Unit #26 at 2101 Connecticut, a grand address in Kalorama built in 1928. With 3-bedrooms, 2.5 baths and 2,900 square feet of living space, the stately apartment sold for $1,850,000.
Coming in fourth was Unit #318 at the venerable Watergate in Foggy Bottom. The 3-bedroom, 2.5-bath co-op with 2,336 square feet of space closed for $1,725,000. Next is Unit #712 at CityCenterDC in Downtown’s Mt. Vernon. The 1,592 square-foot flat with 2-beds and 2.5-baths sold for $1,350,000. Sixth place goes to Unit #4A at the Ritz-Carlton West End. The 1,647 square foot, 2-bedroom, 2-bath residence with Brazilian Cherry herringbone floors and marble baths, sold for $1,297,000. Finally, Unit #730 at the Columbia in the West End closed for $1,225,000. The 2-bedroom, 2-bath corner unit is located in a century-old former hospital for women that has since been transformed into an upscale condominium community with a ground floor Trader Joe’s.
Highest Sales Price to List Ratio
The highest sales price-to-list ratio for January belonged to Unit #4 at 2101 at 2101 Connecticut in Kalorama. The impeccably renovated apartment at the historic Beaux-Arts building has 3-bedrooms, 3.5-baths, a formal dining room and office. It closed at $1,450,000, a full $100,000 over its asking price of $1,350,000 (107.41%). Coming in second was Unit #111 at The Whitman in Mt. Vernon Triangle. The modern 1-bedroom, 1.5-bath flat with 960 square feet of space closed at $647,000 or 101.24% of its $639,000 list price. Next was Unit #207 at The Pennsylvania in Penn Quarter. The 1-bedroom, 1.5-bath condo with 887 square feet listed for $410,000 and sold for $412,500 or 100.61% of asking.
Coming in fourth was Unit #1008 at the Artisan in Penn Quarter. The 2-bedroom, 1-bath flat has bamboo floors and an open modern kitchen with black granite counters and stainless steel appliances. It closed for $451,000 which is 100.36% of its $449,900 list price. In fifth place was Unit #37 at the grand old Dresden in Kalorama. The 1-bedroom plus den and 2 full baths has original parquet floors and French doors leading to a beautifully remodeled kitchen. It sold for 100% of its asking price of $649,000. Our final listing is #1223 at the Atrium in Arlington. The 1-bedroom condo sold for its full asking price of $362,500.
Highest Prices Per Square Foot
The highest price per square foot in January coincidentally belongs to the month’s top sales price. Unit #7F at the Westlight in the West End with its 2,249 square feet of living space sold for its full asking price of $2,175,000, or $1,207.20 per square foot. The condo has 2-bedrooms, 2-baths and a den, and features a very modern and minimalist design. Unit #5M at 3303 Water Street in Georgetown with 2-beds, 2-baths and 1,794 square feet of space was the second-highest sale in January at $2 million and was also the second-highest price for square foot at $1,114.83 per square foot.
Unit #730 at the Columbia in the West End closed for $1,225,000 or $871.89 per square foot. The 2-bedroom, 2-bath corner unit has hardwood floors, a modern gourmet kitchen, walk-in closets and a balcony. Next is Unit #3 at Dumbarton Place in Dupont Circle which sold for $640,000. The 1-bedroom apartment measures 752 square feet which translates into $851 for every square foot.
Unit #712 at the Residences at CityCenterDC in the Mount Vernon Triangle measures out at 1,592 square feet with 2-bedrooms and 2.5 baths. The corner flat with its walls of floor-to-ceiling windows sold for $1,350,000 or $847.99 per square foot. Our last entry is #4A at the posh Ritz-Carlton West End. The 1,647 square foot residence with Brazilian Cherry floors sold for $1,297,000 or $774.79 per square foot.
January Highest Price New Listings
The highest priced new listing in Washington Metro in the first month of the year was a whopping $6.7 million for Unit #1403 at Somerset House in Friendship Heights. There’s 5,086 square feet of living space with 3-bedrooms, 4.5-baths, a family room, library, formal dining room and two covered balconies. Details include lots of marble, exquisite millwork, a fireplace and a huge kitchen.
Coming in second with a list price of $3,995,000 is Unit #PH3A at the Ritz-Carlton West End. This stunning penthouse with 3-bedrooms, 4-baths and 3,378 square feet of space has two levels, a library, catering kitchen and a giant 1,700 square foot private rooftop terrace. Unit #10A at the Westlight in the West End is close behind with an asking price of $3,975,000. This 3-bedroom, 3-bath flat has 2,684 square feet of space along with white-on-white stark modernist design, pale hardwood floors and a separate service entrance. In fourth place is #3C at the landmark Wardman Tower in Woodley Park. The 2-bedroom, 2.5-bath apartment has a very spacious 3,139 square-foot floorplan with 2-bedrooms, 2.5 baths, a Henrybuilt kitchen, a dining room, family room and two balconies, all for $3,195,000.
In fifth place is Unit #1407N at the legendary Watergate in Foggy Bottom. With a list price of $2,950,000, the impeccably renovated co-op offers 2-bedrooms, 2.5-baths, a den, wide-plank hardwood floors and breathtaking views of the Potomac River. Our final entry is Unit #5A at the Westlight with 3-bedrooms, 3-baths, 2,385 square feet of space, walls of windows and a sleek white modern kitchen. The price is $2,895,000.