Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
May, 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
Union Row, an "It" Building in U-Street Corridor, sold the most units in May with six properties including #311. The 2-bedroom, 2-and-a-half-bath condo that sold for $1,125,000. City Vista in Mount Vernon Triangle sold five units in May. Three buildings sold three units each: 2020 Lofts in U-Street Corridor, Somerset House in Friendship Heights and Turnberry Tower in Arlington. Selling two units each: 555 Mass, City Center and The Sonata in Mount Vernon Triangle; Gaslight Square and The Waterview in Arlington; and The Residences at Market Square in Penn Quarter.
Highest Sales Prices
The highest sales price went to a Life At The Top listing, Penthouse PH 7A at Wardman Tower in Woodley Park. Offered for the first time, the spectacular, 3-bedroom, 3-bath unit sold at full price at $5,995,000. The 7th floor penthouse occupies 4,400 sq. ft. — an entire wing of the iconic Wardman Tower. Placing second was a 5-bedroom, 4-and-a-half bath condo at the Ventana in Penn Quarter which closed for $2,100,000. In third place, at The Waterview in Arlington, a 3-bedroom, 2-and-a-half bath condo sold for $2,000,000. Other top money-earners include Somerset House in Friendship Heights with a $1,850,000 sale, Lionsgate in Bethesda with a $1,789,999 closing and Turnberry Tower in Arlington with a $1,779,000 sale.
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Highest Sales Price to List Ratio
Unit 413 at 2020 Lofts in U-Street Corridor was listed for $825,000 and closed at $860,000 — 104.88% above list. The next five buildings with sales above list included Landmark Lofts in Capitol Hill (104.84%), The Whitman in Mount Vernon Triangle (104.29%), The Sonata in Mount Vernon Triangle (104.02%), City Vista in Mount Vernon Triangle (103.25%) and Union Row in U-Street Corridor (102.53%).
Highest Prices Per Square Foot
Earning maximum dollar per square foot, Penthouse PH-7A at Wardman Tower in Woodley Park recorded $1,362.50 each for 4,400 breathtaking square feet. Five other winning properties in the Highest Price per square foot category included City Center in Mount Vernon Triangle ($1,105.33), Residences at Market Square in Penn Quarter ($1,100.53), 3303 Water Street in Georgetown ($1,012.50), The Waterview in Arlington ($923.79) and Gaslight Square in Arlington ($823.59).
Highest Price New Listings
Unit #601 at the Residences at Harbourside in Georgetown was listed for $8,950,000 — the dramatic price includes 4 bedrooms, 4 full baths, 2 half baths and 6,000 square feet plus 3,500 square feet of terraces. At 2501 Pennsylvania Avenue, #PH2B was listed for $5,750,000 — the residence includes 3 bedrooms, 3-and-a-half baths, and interior design elements by Barry Dixon. At Turnberry Tower in Arlington, a 3-bedroom, 4-and-a-half bath top floor penthouse was listed for $5,495,000. In Shaw, Blagden Alley Townhome #AB was listed for $3,995,000 and featured 4 bedrooms, 4-and-a-half baths in 1,800-plus square feet. The Ritz-Carlton West End Penthouse PH2B was listed for $3,700,000. It includes 3 bedrooms, 3-and-a-half baths, and 3,200 square feet of interior space across 3 levels and 1,500 square feet of outdoor entertaining. and the Wardman Tower unit 5F listed for $3,595,000 offers 3 bedrooms, 3-and-a-half baths and almost 3,300 square feet of interior space.
