Home | Newsletter | Advertise

The Amazon Pop: Home Prices Spike 20% in Arlington as Inventory Plummets

  • February 26th 2019

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home that sold in Arlington in January.

The Amazon real estate effect in Northern Virginia now seems to be affecting home prices. 

The median home sales price in Arlington shot up 20 percent in January. While it is impossible to specifically draw a connection between this rise in prices and real estate speculation related to Amazon, closed sales in January are likely on homes that went under contract in November and December following Amazon's decision to bring HQ2 to National Landing. 

January housing statistics for Arlington. Click to enlarge.

The 633 percent increase in pending home sales back in December in the section of Arlington County that is close to National Landing is being revealed in an inventory of homes for sale that is significantly lower than last January. The active inventory of homes in the county dropped 39 percent, year-over-year. Following suit, the average days on market metric also fell 37 percent. 

Given the news that Amazon is no longer moving forward with a headquarters in New York and speculation that some of those jobs could be headed to Northern Virginia, it will be interesting to follow real estate data in the county to see if the real estate frenzy continues. 

This article originally published at https://dc.urbanturf.com/articles/blog/home-prices-spike-20-in-arlington-as-inventory-plummets/15054.

Pipeline: New Condos & Apartments Coming to the DC Area

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse