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.
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.
For pet lovers, the holidays aren’t complete without our furry friends. While we celebrate, we must ensure our pet’s safety is top of mind. What may seem safe to us might actually be harmful to them. We’ve found some useful tips to follow to keep them healthy and happy.
Inventory tends to drop off during the holiday season, which is all the more reason for you to get serious about putting your house on the market. What was once negative feedback – selling your home during the holidays – can actually be beneficial. When buyers start looking, they usually want to get into their new home at a time that avoids interfering with their busy lifestyle. Here are some great reasons why you should consider putting your home on the market during the holidays.
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 HQ2move 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.