Reports of a New Record Sales Price for a Georgetown Condo: Micro-Market at Its Best or a Sign of an Improving Market?

A few weeks ago, the good people at Urban Turf headlined the recent sale of a Penthouse at the Georgetown / West End area Ritz Carlton. According to their information, this property sold for a record $7.295 million.

We know that large condos are still a highly desirable commodity and we are continuing to see fairly quick sales on the best of these. But this record price is, indeed, very good news for the local real estate market.