Tagged : luxury

Found 99 blog entries tagged as "luxury".

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:

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

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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:

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

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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.

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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

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The most expensive condo to sell in the District during November 2012 was in Foggy Bottom at the Watergate South located at 700 New Hampshire Ave NW #1204, Washington, DC 20037.  This 3 BR / 2.5 BA / 3,414 SF co-op with panoramic river views includes three parking spaces.  The selling price was $3.85M / $1,128 SF, which was 91% of the asking price.

Congratulations to selling Realtor Stan Kelly of TTR Sotheby's International Realty for closing the most expensive condo sale in the District in November 2012.

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Honorable mention for the second most expensive DC condo sold in November 2012 was in Dupont Circle at Dumbarton Place located at 1414 22nd St NW #61 Washington, DC 20037.  This 3 BR / 2.5 BA / 2,496 SF penthouse condo includes two parking

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The most expensive condo to sell in the District during October 2012 was in Kalorama at Kalorama Square located at 1804 Kalorama Sq NW #17, Washington, DC.   This 5 BR / 5.5 BA / 3,562 SF townhouse-style condo includes four parking spaces.  The selling price was $2.8M / $786 SF, which was 93% of the asking price.

Congratulations to selling Realtor Patrick Chauvin of Washington Fine Properties for closing the most expensive condo sale in the District in October 2012.

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Honorable mention for the second most expensive DC condo sold in October 2012 was also in Kalorama at the St Nicholas located at 2230 California St NW, #4B-E, Washington, DC.  This 3 BR / 3 BA / 2,083 SF condo includes one parking space.  The selling price was $1.355M / $651 SF which

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Forbes released its list of the 100 most expensive zip codes for single-family homes and 20008 was ranked #48 in the country and tops in the DC area.  The 20008 zip code includes the pricey DC neighborhoods of Kalorama and Massachusetts Avenue Heights as well as Cleveland Park and Woodley Park.

Per the Forbes report, the median listing price of a home in 20008 was $2.27M and the average days on market was 161. The time frame for this listing data was June 28, 2012 - September 28, 2012 and only utilized data for homes, not condos. 

If you are interested in learning more about real estate in the 20008 zip code, here is a resource to view active 20008 real estate listings.

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The most expensive condo to sell in the District during September 2012 was in the West End at the Residences at the Ritz Carlton located at 1155 23rd St NW, #PH3A, Washington, DC.   This 3 BR / 4.5 BA / 3,378 SF penthouse condo includes two parking spaces.  The selling price was $3.3M / $977 SF, which was 97% of the asking price.

Congratulations to selling Realtor Nancy Taylor Bubes of Washington Fine Properties for closing the most expensive condo sale in the District in September 2012.

Honorable mention for the second most expensive DC condo sold in September 2012 was also in the West End at the Residences at the Ritz Carlton located at 1111 23rd St NW #S5A, Washington, DC.  This 3 BR / 3.5 BA / 2,776 SF condo includes two parking spaces.  The

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3303 Water in Georgetown is on every DC luxury condo buyer's short list of developments to visit.  This seven-story project of 72 units located south of M Street is widely recognized as "The Address" in Georgetown.

Amenities at 3303 Water Street of top notch and include a 24-hour concierge and uniformed doorman, roof-top pool and fitness center overlooking the Potomac River, underground parking an even a car wash bay. Residents also enjoy walking biking and jogging on the Capital Crescent Trail and the C & O Canal tow path which are both accessible in Georgetown by 3303 Water.

Units at 3303 Water range in size from 900 SF to 6,621 SF and include both underground parking and dedicated storage facilities.  Luxury finishes include high ceilings,

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The most expensive condo to sell in the District during August 2012 was in Georgetown at Washington Harbour Condos located at 3030 K St NW, #304, Washington, DC.   This 2 BR / 2.5 BA / 2,249 SF condo includes one parking space.  The selling price was $1.33M / $591 SF, which was 89% of the asking price.

Congratulations to Gigi Winston of Winston Real Estate for closing the most expensive condo sale in the District in August 2012.

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Honorable mention for the second most expensive DC condo sold in August 2012 was in Tenleytown at Tenley Hill located at 4750 41st St NW, #508, Washington, DC.  This 4 BR / 3.5 BA / 4,150 SF three-level penthouse condo includes two parking spaces.  The selling price was $1.25M / $301 SF which was 87% of asking price.

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The most expensive condo to sell in the District during July 2012 was in the West End at 22 West located at 1177 22nd St NW, #7-E, Washington, DC.   This 3 BR / 3 BA / 2,480 SF condo includes two parking spaces.  The selling price was $2.15M / $867 SF, which was 96% of the asking price.

Congratulations to John McShane of Weichert Realtors for closing the most expensive condo sale in the District in July 2012.

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Honorable mention for the second most expensive DC condo sold in July 2012 was in Kalorama at 2120 Wyoming located at 2120 Wyoming Ave NW, #1 Washington, DC.  This 3 BR / 2.5 BA / 2,226 SF condo includes two parking spaces.  The selling price was $1.65M / $741 SF which was 97% of asking price.

Congratulations to selling Realtor Corey

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