Arlington and Alexandria’s real estate certainly got a boost in the immediate aftermath of Amazon’s announcement that they are bringing 25,000 new jobs to Northern Virginia over the next decade. A couple of weeks ago we talked about the Impact of Amazon’s HQ2 move to Northern Virginia and what to expect in the years to come, but today let’s focus on the immediate changes that we’ve noticed in the month of November.
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It’s official: the Amazons are coming! After 14 months of speculation, the odds-on favorite Crystal City was indeed the winner in the HQ2 sweepstakes, but with a twist. Queens, New York will get half of the planned 50,000 jobs that Amazon says it will create during the next 10 to 12 years. And in this case, getting half the loaf may turn out to be better than getting the whole thing.
A little slippage
Heading into the fourth quarter of 2018, the real estate market in metro Washington, D.C. remains strong – but not quite as strong as this time last year.
Now that summer is winding down and we are thinking of hunkering down for the cool weather, it is an opportune time to catch up on routine home maintenance — but where to start?
For many, a home is their largest investment. Keeping track of these items can seem more manageable and less daunting once you realize how simple some tasks can be.
Grab your tool belt, and check out these often-overlooked tips from our Associates.
We’ve been fortunate to have a very healthy real estate market in the metro Washington D.C. area for several years, and as we head into the fall market, that’s still the case.
Last month, we looked at some of the hottest areas in the region, with absorptions rates over 60% – what we call an extreme seller’s market. This month, we’re looking at the other end of the spectrum, where there is plenty of available inventory but less contract activity – those areas and price ranges where the absorption rate is 15% or lower, a buyer’s market.
Generally, that characterizes the market for homes priced more than $1M – to be sure, there are some luxury markets that are hotter than others, but we’re focusing today on homes priced less than $1M because that’s the heart of the market.
We’ve gathered all the reports with predictions and analyses about the location of Amazon’s HQ2, which is slated to bring 50,000 white collar jobs and $5B in investments. Where do you think the giant will land?
You’re looking to sell your home and move on to the next place. You hear it’s a seller’s market, given the low inventory. What can you do to ensure it sells quickly? It’s actually quite simple: How a property looks, where it’s located and it’s price will determine its salability. A property must meet all three criteria to sell; if one of the three is off, it will not sell. That’s it.