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    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, 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 has seen an increase in Amazon-related keywords in listings, such as “National Landing,” as people leverage Amazon in their marketing.”

    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.

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