“This is a market response to the Amazon HQ2 announcement with investors competing with residents for a shrinking number of homes for sale,” said Terry Clower with the Northern Virginia Association of Realtors on the market forecast.
The Association had initially predicted an increase of just 5.1 percent by the end of the year. However, the median price of homes sold in Arlington County in May was $615,000 -up 9.8 percent from May last year.
Home prices in Fairfax County have also made a significant leap from the projected 3.1 percent last year to about 7 percent.
Meanwhile, the number of homes sold in Nothern Virginia reached a 14-year high in May. But, despite the rising demand, Arlington's inventory is very low. Many potential sellers are holding out as they await Amazon's arrival to see how much more value their homes would gain. Still, others may decide to convert their homes to rental properties.
Properties in Arlington County
1 beds, 1 full baths
Home size: 745 sq.ft.
Price: $514,900
Added: 04/05/24, Last Updated: 04/26/2024
0 beds, 1 full baths
Home size: 490 sq.ft.
Price: $198,000
Added: 04/25/24, Last Updated: 04/26/2024
2 beds, 2 full baths
Home size: 968 sq.ft.
Price: $725,000
Added: 04/25/24, Last Updated: 04/26/2024
5 beds, 4 full baths
Home size: 1,798 sq.ft.
Price: $1,534,900
Added: 04/04/24, Last Updated: 04/26/2024
5 beds, 4 full,1 part baths
Home size: 3,005 sq.ft.
Price: $1,829,000
Added: 04/25/24, Last Updated: 04/26/2024
2 beds, 2 full baths
Home size: 1,555 sq.ft.
Price: $619,900
Added: 04/10/24, Last Updated: 04/26/2024
1 beds, 1 full baths
Home size: 881 sq.ft.
Price: $249,900
Added: 04/26/24, Last Updated: 04/26/2024
4 beds, 2 full baths
Home size: 1,213 sq.ft.
Price: $839,900
Added: 04/25/24, Last Updated: 04/26/2024
4 beds, 3 full baths
Home size: 1,800 sq.ft.
Price: $950,000
Added: 04/24/24, Last Updated: 04/26/2024
3 beds, 2 full,2 part baths
Home size: 1,296 sq.ft.
Price: $924,900
Added: 04/25/24, Last Updated: 04/26/2024
2 beds, 2 full baths
Home size: 1,130 sq.ft.
Price: $710,000
Added: 04/25/24, Last Updated: 04/26/2024
2 beds, 1 full,1 part baths
Home size: 865 sq.ft.
Price: $535,000
Added: 04/26/24, Last Updated: 04/26/2024
