What's Hot: Total Wine Coming To Friendship Heights | 256-Unit Project Proposed to Replace Rosslyn Buildings Moves Forward
The Amazon Pop: Home Prices Spike 20% in Arlington as Inventory Plummets
✉️ Want to forward this article? Click here.
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.
story continues below
loading...story continues above
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.
See other articles related to: amazon hq2, amazon hq2 real estate effect, amazon second headquarters, arlington county, arlington home prices, national landing
This article originally published at https://dc.urbanturf.com/articles/blog/home-prices-spike-20-in-arlington-as-inventory-plummets/15054.
Most Popular... This Week • Last 30 Days • Ever
The one-of-a-kind residence was built out of two expansive classrooms, an office, two... read »
One of the critical factors in determining whether refinancing is a wise decision is ... read »
As the redevelopment of the Mazza Gallerie mall in Friendship Heights heads towards c... read »
As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »
Designed by visionary Travis Price Architects, 3623 R Street NW is a light-filled mas... read »
- 13 Foot Ceilings, 5,800 Square Feet in a Historic Schoolhouse: A Rare DC Loft Hits the Market
- What Is The Best Spread To Refinance Your Mortgage?
- Total Wine Coming To Friendship Heights
- The 6 Large Developments on the Boards From Anacostia to the Bridge District
- A Rare & Striking Modern Home in the Heart of Georgetown Hits the Market
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro