Gtown Condo Sells for $7.295M, Possible New Record

  • March 17, 2009

by Mark Wellborn

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Housing Complex is reporting that DC may have a new record for the highest priced condo sold in the city. A penthouse at the Georgetown Ritz-Carlton closed on March 11 for $7.295 million, according to the City Paper real estate blog.

From the City Paper:

“According to selling agent Christopher Ritzert with Coldwell Banker Georgetown, it was just put into the MLS system [on Monday night]. So, I think we have a new record-breaker here, folks! Penthouse 2D in the Georgetown Ritz-Carlton seems to be the new king.”

The fact that we are breaking records in this market is somewhat mind-boggling, but we hope that it is a sign of a turnaround!

1 Comment

  1. Keith said at 11:12 pm on Monday April 13, 2009:

    Why are you rooting so strongly for a turnaround? Why is the fact that some gazillionaire can buy a $7MM condo a hopeful sign for the market?

    Prices became completely detached from economic reality. The reality is that most people can’t afford to buy a home in DC. Lower prices are beneficial to those who would like to buy a place, but don’t have the income to support an 800 sq ft condo costing $550K with an $800 condo fee.

Lindsay Reishman

Reishman Real Estate

202-491-1275

Serving:

Dupont Circle

Logan Circle

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