Amazon’s impact on Arlington and Alexandria continued in December

McEnearney Associates’ EVP and CIO David Howell

December brought some truly incredible absorption rates in Arlington and Alexandria in the aftermath of Amazon’s HQ2 announcement, while the rest of the region continued to see more typical performance.

Compared to the previous December, contract activity in Alexandria was up 13% in December 2018 and was up 20% in Arlington.  The Amazon announcement created a perfect storm – it fueled demand precisely at a time when inventory is seasonally low. In December 2017, inventory was about 40% lower than it was in September 2017 in both Alexandria and Arlington.  As expected, inventory was already headed down before the Amazon announcement, so when contract activity increased in the last six weeks of the year in Arlington and Alexandria there was already less inventory to fight over.  And since we were then in a time of year where relatively few listings come on the market, buyers were soaking up whatever was there.

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Winter prep from top to bottom

As the temperature drops and the weather outside is ever more frightful, be sure your home, townhome, or condo is ready to bear the winter force of Mother Nature. From freezing temperatures to snow and ice, winter weather can be harmful to your home and exceptionally costly. Prepping your home for the winter months seems almost daunting, but it will protect you and your investment. You might also find some energy saving tips helpful to put save some extra cash after holiday expenditures. You’ll have snow problem surviving winter with these tips to help protect your home, your car, and you, as the winter begins to come in full force.

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