Amazon is already making a big impact on Arlington County. The Washington Post, which happens to be owned by Amazon founder and chief executive, Jeff Bezos, posted an article on the current and future impact Amazon's arrival is having on our area.
Here are some of the major takeaways from the article:
Here are some of the major takeaways from the article:
- In May, the average home price in Arlington County — the future home of Amazon’s second headquarters known as HQ2 — was $713,000, up about 7 percent from a year ago. And in April, the average price hit $742,000, or more than 11 percent above the same month in 2018.
- The spikes are not limited to Arlington, which this year saw average home prices reach above $700,000 for the first time. In nearby Fairfax County, the average sales price saw a year-over-year gain of 6 percent in May, while the increase was about 7 percent in Alexandria for the same period.
- For the past two months, the number of homes sold in NVAR’s coverage area — which includes Arlington County, Fairfax County, Fairfax, Falls Church, Alexandria and Vienna — have held at a 14-year high. The average home lasted just 27 days on the market, down 42 percent from a year ago.
Read the entire Washington Post article here and let's chat how this unique situation can impact your real estate dreams.
