Home | Newsletter | Advertise
loading...

The Amazon HQ2 Effect Hits Alexandria As Home Sales Jump 70%

  • January 11, 2019

by Nena Perry-Brown

A one-bedroom that sold in Alexandria in December. Click to enlarge.

New housing data reveals that the HQ2 real estate effect extends well beyond National Landing. 

In December, UrbanTurf reported that home searches and contracts increased by a respective 743 percent and 633 percent in the National Landing area just after the neighborhood was selected for Amazon's second headquarters. Now, it appears that all of Alexandria City is benefiting from the online giant's arrival.

Alexandria home sales statistics for December.

The number of listings in Alexandria that went under contract last month rose 71 percent compared to a year ago, jumping from 127 to 217. The number of active listings consequently fell by 40 percent, resulting in the supply of homes for sale dropping below one month for the first time in 10 years. 

All cash purchases accounted for 18 percent of sales last month, up from 10 percent of sales in December 2017, an indication that investors are seizing on opportunities in the city. 

More of UrbanTurf's HQ2 coverage below:

This article originally published at http://dc.urbanturf.com/articles/blog/the-amazon-hq2-effect-hits-alexandria-as-home-sales-jump-70/14873

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. Visit guides.urbanturf.com or 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