If living close to the water is a must on your Northern Virginia house-hunting list, consider exploring the charming town of Occoquan. Located 22 miles south of Washington DC, Occoquan is
The Amazon Effect on Northern VA Housing
Amazon has promised to hire at least 25,000 employees to work at HQ2 and are poised to be one of Northern Virginia’s largest employers which has everyone wondering what does that mean for the housing market?
Fox Business News Reported “Alexandria and Arlington, Virginia, are now the two most competitive housing markets in the United States, thanks to Amazon’s coming headquarters, HQ2, in Crystal City, Virginia.
36% of homes in Alexandria sold above the listing price in July 2019, compared with 24% that same time last year. In Arlington, 36% of homes sold above list price, vs 24% a year ago."
The average price of a home in Arlington County in Q2 was $723,821. Home sales are hitting record numbers in Northern Virginia.
“We’ve definitely seen an increase in the value of homes in the northern Virginia area as a result of the Amazon announcement. Based on the data from the second quarter of 2019, home values have grown anywhere between 7% - 10% in some cases. However, even with the increase in value and average sales price, there are not enough homes on the market and the homes listed last for on average 32 days!” – Ginger Walker
In a recent interview, Danielle Hale, chief economist at Realtor.com, said "Listing and sales prices are trending higher; inventory is low; and days on market are declining as buyers pounce on scarce inventory, she said.
Because the average Amazon workers will be making above median income, they will likely buy houses in the higher end of the market. This is good news, Hale said, because inventory is tightest and fastest moving at the entry-level.
Hale said Realtor.com has seen an increase in Amazon-related keywords in listings, such as “National Landing,” as people leverage Amazon in their marketing."
LOOKING TO BUY NEAR HQ2?
Our dedicated team delivers an unparalleled experience in every transaction. We offer unmatched market-leading expertise & technology. We work with buyers moving in from across the country, locally, Amazon employees, and those coming in from oversees.
We are proud to say we are the #1 Team for all of Coldwell Banker Elite. Working with the Give Back Team you can trust you are working with top producing market leaders where our clients come first. In addition, we feel a Social Responsibility to help the Communities that we live, work and play in. You will find us volunteering in the Community with Fundraising Events along with giving our resources and even making contributions to local charities. Give Back Team will donate back the charity of our clients choice after closings.
Give us a call so we can set up a listing report so you receive listings that match your criteria as they hit the market.
“AJ is professional, knowledgeable, a good negotiator, has great follow-up and has a get-it-done attitude. He is honest, upfront and has integrity. No fuss. No drama. I was trying to sell a Townhouse that had an HOA and required a lot of running around back and forth negotiating with them on issues they reported right before the sale which is pretty stressful. I wanted to use a Realtor who knew well the complexities of HOA's. He did a great job start to finish. Excellent communication skills. He kept me in the loop the whole time. He answered my many questions. I will use him again when I purchase or sell. Knowing he was handling all the details, reduced my stress.”
CLICK HERE to view more Give Back Team reviews on our Zillow page.
<!-- [if gte mso 9]> My priority is to help you find your next home or sell your existing one!
I started my career in Real Estate in 2008 and have been a Top Producing Agent. I am skilled in working with First Time Home ....
My priority is to help you find your next home or sell your existing one! I started my career in Real Estate in 2008 and have been a Top Producing Agent. I am skilled in working with First Time Home ....
Latest Blog Posts
Established in 1805, the city of Fairfax, also known as Old Town Fairfax, is located 19 miles from DC making this an ideal location for many commuters. Tree lined streets, townhomes, and