Market Conditions in 22204>Question Details

Ll, Both Buyer and Seller in Arlington, VA

Do you think Arlington will hold its value for the next 10 years with all the baby boomers moving South?

Asked by Ll, Arlington, VA Mon Apr 27, 2009

Help the community by answering this question:

Answers

7
Hello,

I think for sure the value of the respective properties in Arlington,Va will continue hold their value. There are some great plans slated for Arlington and they are happening as we speak. The best is still yet to come for this beautiful area of Virginia. It has the great erban life, great jobs, close to Georgetown and metro, etc... If you are planning to purchase in this neighborhood you will not be disappointed.
0 votes Thank Flag Link Thu May 24, 2012
Li,

In my personal opinion having grown up in the DC area and having sold real estate in Arlington, values staying steady will easily happen in Arlington. Babyboomers do make up a large portion of the population and cost of living in Arlington and the rest of the DC area is high compared to the rest of the country, but you can't beat the location in Arlington and I don't see a huge migration all at once.

There are also a lot of young professionals who are eager to buy in Arlington. Right now there is a revitalization project occurring in South Arlington which will help to maintain and increase values. The demographics say to me that North Arlington zip codes will continue to lead the county with better schools and higher median incomes, but South Arlington will improve and will continue to be a great transitional area for young professionals and small families.

Being close to the Metro and a short drive into DC will always have value.
0 votes Thank Flag Link Wed Sep 22, 2010
As Manhattan will not lose its value, Arlington will not only retain but will increase in future for sure.
0 votes Thank Flag Link Sun Jul 25, 2010
Baby Boomers are moving south is an important factor. That might mean properties in arlington coming up for sale. On stat that is worth looking into is the amount of new people that move into arlington each year. This information is gathered by economics departments of local colleges. Take a look at George Mason's Economic Department for more useful statistical data concerning arlington.

I have perform many valuations in arlington. The property values have been stable in many areas in the last six months. Compared to other areas such as prince william county and prince george's county they great differ in property depreciation over a six month term.

Buying or Purchasing investment property in arlington would be still an appreciation strategy if purchasing at today's current market value. If you are a homebuyer and you are looking for the value of your property to either not decrease or to increase then arlington would be a safer bet than other neighborhood.

I hope this helps answer your questions.
0 votes Thank Flag Link Mon Apr 27, 2009
No one has a crystal ball, but property close to DC and esp. near a metro is always in demand.
Buying and selling always depends on interest rates and money. Right now it's great. It's a great time to sell and buy!! We are getting multiple contracts and well qualified buyers walking in to make purchases. Get with a good agent and move on it while the market is good. Who knows what it will bring later on.
0 votes Thank Flag Link Mon Apr 27, 2009
To add to what Jane said; in Arlington you have, by default, one of the key variables in real estate value which is scarcity. Such a small portion of land nestled right up against DC is always going to be in demand. As far as Boomers moving South, I agree with Jane that more people than many folks realize are actually heading toward Arlington for better convenience to all the area has to offer. Also, don't under estimate who is buying the homes and in what tier. In many cases a 600k to 700k purchase is a starter home in Arlington these days. The 1m plus homes are being picked up by folks in their mid to late 30's and into 40's who are looking for more space for their families. There is plenty of demand to scoop up what boomers might leave behind.

Even right now, more inventory would be moving if the loan standards were not so high for Jumbo mortgages. What I did not mention above, is that today's buyers have much higher expectations for what a home offers, and many neighborhoods in Arlington present an unique opportunity to level the current home (a minimal portion of the total value) and build to suit on the site. I love the look of these older, more mature neighborhoods, but the reality is they homes are small, with very small bedrooms, and often only one bathroom. The next generation, heck the current generation, of homeowner is not going to be satisfied with that product.
0 votes Thank Flag Link Mon Apr 27, 2009
Absolutely. Some baby boomers will move south but many will stay here. We're already seeing people moving into Arlington to downsize from their empty nest extra large homes in Oakton and Chantilly and other outer suburbs. We'll still have lots of new people moving into the area for jobs in government, law firms, contractors etc.
0 votes Thank Flag Link Mon Apr 27, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer