Category: Arch Hall

Old Town is called Old Town because it is the oldest part of Alexandria. Old Town was originally laid out in 1749 it is a nationally designated historic district. Many of Old Town's 4,000 historic buildings houses, art galleries, antique shops and restaurants are historic sites. Once the site of the second-largest slave market in the United States, Old Town’s Market Square now contains a large fountain, extensive landscaping and a Saturday morning farmers’ market. Old Town is known for its illustrious residents and guests. George Washington called it home. Robert E. Lee worshiped at Christ Church and Thomas Jefferson entertained at nearby Gadsby’s Tavern. Old Town Alexandria offer a full menu of dining choices with restaurants ranging from fast-food to white tablecloth. A night on the town can be had at spots such as the Oyster Bar and Club Room at Union Street.

Some of the most desirable addresses in Old Town are found on the south side along the Potomac River. St. Asaph's Square and Porto Vecchio are two condo communities in the south end. St. Asaph's Square is found in a neighborhood near Lyles Crouch Elementary. Porto Vecchio straddles the Mount Vernon trail which runs upriver toward Reagan National Airport and downriver toward Mount Vernon. Many residents of Porto Vecchio have views of the Belle Haven Marina or the Belle Haven Country Club.

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Who Is Gen Z?

Generation Z (Gen Z) includes people born between 1995 and 2010. In 2018, Generation Z already accounted for about 21 percent of the U.S. population—64 million people—and by 2020, this group is expected to outnumber millennials by nearly 1 million people, according to the U.S. Census! So, it’s no surprise that Generation Z is already impacting the housing market.  Though the majority of Gen Z’s members still live at home with their parents, they still have dreams of becoming homeowners. A National Association of REALTORS® study found that Gen Z wants to buy houses.  Better Homes and Gardens Real Estate found that 97 percent of Generation Z believe that they will own a home in the future, and 82 percent indicate that homeownership is the most important factor in achieving the American dream.

Will Your Home Appeal To Gen Z?

A Gen Z home buyer in {Location_Name} wants to work with an agent. When asked about whether or not they would work with a real estate professional when they purchase a home, Generation Z’s answer was a resounding yes. According to BGHRE, 81 percent of Gen Zers believe they will work with a real estate agent during the home purchase process. Even though they will most likely begin their search online, Gen Zers believe that it is important to have a professional at their side. Gen Z is connected. Gen Z was born into a connected, internet-ready era, and they don’t remember a time before smartphones, apps, and social media. Gen Z is mobile-first and expects brands to be as well. Its members keep close-knit social media circles, and 73 percent say texting or chatting is their primary mobile activity, according to a report from the IBM Institute for Business Value. Gen Z wants to live near work. The oldest members of Generation Z choose proximity to work over living in the most desirable neighborhoods. According to the National Apartment Association, they may also seek out co-working spaces or maker’s rooms, as this generation is coming of age in the gig economy where entrepreneurship is high.

We Know Our Market

We take the time to learn who is buying homes in {Location_Name} like yours because we want to make sure that we know the most effective way to reach the individual who will end up buying your home. Talk to me about our marketing plan and what we can do to make your home appeal to the generation that is likely to buy your home. For more information or to set up an appointment call Julie at (703)765-0300.