If you attempt to try buying a house or a condo in Arlington County, Virginia, you will understand how competitive the market has eventually become. What’s selling in Arlington County has increased by 17.7%, as compared to a year earlier. Houses in Arlington County have begun selling at an average duration of six days.
The reason behind this increase is undeniably the arrival of Amazon HQ, which is making the Arlington Housing market higher. It does not only involve the investors more inclined to become a landlord or earn some easy money in a flip down the road. Amazon aims to target all those people who are house hunting to simply live in Arlington County.
Amazon is, in fact, driving people’s decisions to look now before things get out of hand. It is a 100% occurrence that this is the case, with most of the clients in search of a house. This was experienced by a Redfin agent, Mara Gemond. The market is so ‘smoking hot’ that every offer which were made by the clients had definitely faced competition.
A particular corner had become extremely popular, after Amazon’s arrival to Arlington County. Crystal City and Pentagon City had truly been impacted by what is termed as this ‘Amazon effect’. They are almost like ground zeroes for HQ2. In Arlington, those areas had been less hot when compared to other locations like Clarendon, Ballston and Courthouse areas, Gemond continued to say.
The District, Northern Virginia and the Maryland suburbs, which are part of the Washington metro area’s expansive housing market had grown to become the third fasted major market in the country around April, 2019. Typically, a home went under contract in 10 days.
