January 2013

Found 10 blog entries for January 2013.

The luxury condo market in Washington, DC continued in a robust manner in 2012 with 88 transactions closing for $1M or more.  Luxury DC condos are being purchased by those relocating to the District from outside the region as well as move-up buyers and the growing number of empty-nesters moving back into the city from the suburbs.  

3303 Water Street in Georgetown and the Watergate in Foggy Bottom both had three of the top ten most expensive sales in 2012.  Also making an appearance on the top ten list were the Residences at the Ritz Carlton in the West End with two top ten transactions and Kalorama Square.

Here is a summary of the top 10 DC condo/coop transactions:

top_dc_condo_sales_2012_450


The DC Condo Boutique is proud of our association with TTR Sotheby's International Realty

2,945 Views, 0 Comments

The upscale Georgetown real estate market continued to show significant strength in 2012 with 208 closed residential transactions.  The total value of the 2012 Georgetown residential transactions was $278.5M, down from 292.8M in 2011.  The average sales price in 2012 in Georgetown was $1,339,336 and on average property sold for 95% of asking price.  The average days on the market for Georgetown listings was 57 days in 2012, down from 76 in 2011.  It is important to note that a single transaction in 2011 for $22M impacted average selling price and total volume.

Here is a summary of key metrics for the Georgetown market in 2012 vs. 2011:

georgetown_2012_real_estate_metrics_444
The most expensive property to sell in Georgetown in 2011 was the Halcyon House, a historically designated mansion

1,909 Views, 0 Comments

2328_champlain_408_526

A recent Decoist article which offered new buyers loft decorating tips caused me to think for quite awhile about some of the wonderfully decorated lofts that we have here in Washington, DC.  Whether it is a newly revitalized industrial building or a more recently purpose-built project, we are fortunate to have a diverse collection of loft developments.

Many of the more unique DC loft developments are located on the 1400 block of Church Street, in buildings that formerly housed DC auto showrooms.  The 2300 block of Champlain Street in Adams Morgan is location with a concentration of industrial buildings repurposed as residential loft developments.  

We are also fortunate to have many surplus school buildings located throughout the city that have been

3,342 Views, 0 Comments

theo_puppy_450

The American Veterinary Medical Association recently released results of a survey on pet ownership that it conducts every five years.  Washington, DC was ranked dead last with only 21.9% of the Districts households owning a pet.  After seeing DC ranked first in so many different areas including inbound migration, families and real estate market performance, it seems strange to see DC ranked dead last for something.

There are a number of factors that contribute to DC's last place ranking including the urban nature of DC, the small size of DC homes and condos, the pet restrictions of much of our housing stock and the crazy work schedule of many Washingtonians.

While it can be challenging for pet owners to find places to buy in the District, there are a

2,308 Views, 0 Comments

dumbarton_place_400

When you think of boutique DC condo developments, Dumbarton Place in Dupont Circle quickly jumps to the top of the list.  While the lion's share of Dupont's condo projects are located on busy streets surrounded by other buildings, Dumbarton Place overlooks the treasured Rock Creek Park.

Monument Realty converted the former office building that housed Congressional Quarterly into Dumbarton Place in 2005.  This six-story building with 36 units has a very upscale, intimate feel that is highly sought after in the Dupont neighborhood.  

Luxury developer finishes at Dumbarton Place include direct access elevators, over-sized windows and gourmet kitchens.  The penthouse level at Dumbarton Place features larger units with build outs and finishes worthy of a

2,795 Views, 0 Comments

DC Condo Boutique team members Donna Mank and Mansour Abu-Rahmeh represented the seller of a condo located in the Dupont Circle neighborhood of Washington DC.  The unit located at 1625 Q Street #103 featured 2 BR / 2.5 BA / 1,128 SF and a private patio.  The unit sold for $549,999 / $496 SF which was 100% of the listing price.

This Dupont location on Q Street NW is just two blocks from the Metro and commands a perfect 100 WalkScore.

1,298 Views, 0 Comments

3303_water_400

The most expensive condo to sell in the District during December 2012 was in Georgetown at 3303 Water located at 3303 Water Street NW #7A-N Washington, DC 20007.  This 7 BR / 7 BA / 6,621 SF condo designed by Richard Williams Architects includes four parking spaces.  The selling price was $6.5M / $982 SF, which was 98% of the asking price.

Congratulations to selling Realtor Nancy Itteilag of Long & Foster Real Estate, Inc. for closing the most expensive condo sale in the District in December 2012.

residences_at_the_ritz_carlton_georgetown_400

Honorable mention for the second most expensive DC condo sold in December 2012 was also in Georgetown at the Ritz Carlton Georgetown located at 3150 South Street NW #1D, Washington, DC 20007.  This 2 BR / 3 BA / 2,587 SF  condo includes two parking

2,235 Views, 0 Comments

628_e_capitol_450

Capitol Hill is DC's largest historic neighborhood and also its most populated with approximately 35,000 residents.  Despite this density of residents, the Hill lives like a small town in the midst of a large urban city.

Families are drawn to the hill for its wonderful stock of Victorian-era row houses.  Much of Capitol Hill was developed for owners of more modest means and much of the housing stock reflects this origin.  While row houses in other DC neighborhoods like Georgetown, Dupont and Logan are beyond the financial means of many families, the Hill's lower price points open row house living opportunities to many more families.  

Residents of Capitol Hill enjoy walking to the communities attractions including Eastern Market, the oldest fresh food

11,499 Views, 0 Comments

DC Condo Boutique team member Donna Mank represented the buyer of a condo located at the Clara Barton in DC's Pen Quarter neighborhood.  Donna's client purchased unit #855 which featured 2 BR / 2.5 BA /  1,159 SF configured in a 2-level floor plan.  The unit sold on January 3rd 2013 for $560,000 /  $483 SF.

Clara Barton's location at E Street NW and 6th Street in the Penn Quarter offers one of the best  and most convenient locations in Washington, DC.  The building offers an extensive roster of amenities including a roof-top pool, cinema and fitness center.

1,727 Views, 0 Comments

residences_at_citycenter_kitchen_450

The highly anticipated Residences at CityCenter condo development has launched its sales campaign.  This 216-unit project located in the Penn Quarter on the site of the former convention center and more recently the the Bolt and Megabus depot is the hottest and most exciting condo development to hit the District since Union Row delivered in 2007.

The Residences at CityCenter offer a plethora of high-end finishes including:

  • Molteni Cabinetry
  • Miele, Bosch, Thermador and Liebherr appliances
  • Molteni Closet Systems
  • Northern European white oak flooring
  • Double vanity sinks
  • Custom built-in studios
  • Landscaped terraces with Cumaru decking
  • Solar shade system

There are a variety of floor plans available at the Residences at

2,758 Views, 0 Comments