The Inova Schar Cancer Institute will be open for patients on May 13 on its Merrifield campus. This will usher in a new level of patient care and medical treatment in Fairfax County.
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Did you know that this booming metropolitan county exceeds the total population of seven American states and is the most populous region among city areas in not only Virginia, but also Washington? In fact, Fairfax County is home to a whopping 13% of its state’s total population.
What is it about this Northern Virginian county that caused an estimate of 1,015,302 (as of the April 2008 consensus) to make this part of the country their dwelling place?
Formed in 1742 from the northern part of Prince William County, and named after Thomas Fairfax, 6th Lord Fairfax of Cameron, this county is bordered by Potomac River and friendly neighboring regions such as Arlington County, Alexandria, Falls Church, Loudoun County and Prince William County.
Studies conducted have shown that most of the adult citizens, who call Fairfax County their home, are four-year college degree holders and a good number of them have reached even higher educational attainment.
Research has also shown that, aside from being the first county in the US to achieve a median household income of six figures, Fairfax also has the second highest median household income (next to Loudoun County) among counties with 250,000 or more residents.
With those statistics in mind, potential residents can have some level of assurance that they are living among some of the best citizens the nation has to offer. It can also be a plus that they’ll be able to rub elbows with the county’s upper class society.
Aside from that, Fairfax offers people, who are considering the county as their abode, residential areas that will surely fit their unique tastes and preferences. Residential communities like Kingstowne and Burke can give the suburban comfort and security that citizens may be looking for. Meanwhile, areas like Vienna, Huntington or the inner Beltway bustle of Bailey’s Crossroads can offer the convenient accessibility and metropolitan flair required by those more accustomed to a fast-paced, urbanite lifestyle.
With all that Fairfax County has to offer, no wonder people are rushing in to make it their home!
If you're shopping for a home in a particular school district, we have every home listed for sale in every school district in Fairfax County. Because Fairfax County such a large school system there's not enough space here to list all the schools but you'll find them in the links below.
The Market Activity Index in Crystal City continues show sawtooth pattern. This pattern often indicates tension between sellers who want to move property but who are not willing to dump property at lower prices. At the same time buyers are moving swiftly to snag deals, indicating we are near the bottom, or at least in a period of transition. The days on market fell dramatically, and this means that real estate is selling again.
The chart was drawn from the past 180 days of condo activity in 22202 zip code.
Here's a snapshot of what's going on in the real estate market in Arlington VA as of April 28, 2010. The median price of homes sold increased sharply after March and at the same time the average number of days on the market decreased. This is a strong indicator that the market is recovering. As we approach the end of the first-time homebuyer's tax credit, we'll see if this is a trend or if this is capturing sales that would have occurred in June anyway.
Will Nesbitt is the principal broker of Condo Alexandria.
The real estate market in Alexandria VA is showing signs of recovery in Alexandria VA. As the graph shows the average days on the market is going down and at the same time the prices are going up.
The federal government is driving demand for office space, according to Jones Lang LaSalle’s annual report on federal real estate procurement.
In Washington, D.C., the federal government will require more than 5 million square feet of new office space by the end of 2010. That is more than both public and private entities combined will require elsewhere in the United States.
"I’d say it would make sense for brokers to be targeting federal agencies rather than private agencies," says Scott Homa, senior market research analyst at Jones Lang LaSalle.
Source: GlobeSt.com, Robert Carr (03/31/2010)
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