People relocating to Northern Virginia often ask what type of home they can purchase in different price ranges.  Other people who ask about this include current D.C. and Northern Virginia residents who have not been in the housing market for a while and potential investors from other parts of the country.

Homes in all price ranges are staying on the market in Northern Virginia for longer than in years past.  Inventory is at all time highs in the Metropolitan D.C. region, offering buyers and investors and opportunity to negotiate a lower price with the seller.  

The $600,000 to $700,000 price range represents about 17% of the currently available single family home inventory for sale in Alexandria and Arlington. 

In Fairfax County, which for the most part is a bit further out from Downtown D.C., this price range represents 12% of all available detached single family homes.

The median sales price falls within this range. 

Here are some examples of single family homes that you can purchase in Northern Virginia for just under $700,000.

ALEXANDRIA 

An all brick renovated colonial in Del Ray allows the new owner to walk to the eclectic shops and wonderful restaurants lining Mt. Vernon Avenue.  The kitchen features granite counters and refinished wood floors.  Built in 1954, this 3 bedroom 2.5 bathroom home includes a deck in the fenced backyard.

Bordering Del Ray, the Rosemont area of Alexandria is very close to the King Street metro station and the excitement of Old Town Alexandria.  This 3 bedroom 1.5 bathroom home on with a detached garage is being sold "as is" for a list price of $660,000.  It has a full walkout basement overlooking a fenced yard and was built in 1935.

ARLINGTON

Walk to Ballston shops, restaurants, and the metro, from this North Arlington renovated home.  While it was built in 1956, this home screams brand new with granite counters, stainless appliances, new exterior, new master bathroom, and new wet bar.  Its four finished levels include 4 bedrooms and 3 full baths.  You can walk to the beautiful rose gardens at Bon Air Park. 

Crystal City and Pentagon City are popular locations to live, shop, and eat in South Arlington.  This 3 bedroom 2 bathroom colonial puts you right in the heart of the action near both areas and walking distance to the metro stations.  The home was built in 1948 and features a finished basement and a lovely fenced and landscaped backyard.  With its location minutes from Ronald Reagan National Airport, this home would be perfect for anyone who loves to travel and makes it easy for picking your friends who will love to stay in your wonderful home.

FAIRFAX COUNTY

Further out from D.C., in the Fairfax County suburbs, you can get a bit more house for your money.  Here are some options in the under $700K price range.

Down near George Washington's Mount Vernon estate, just off the George Washington Parkway lies the popular community of Stratford on the Potomac.  With 7 bedrooms, 4 full baths, and 3,318 square feet of living space, this expanded split foyer home offers an impressive fireplace, new roof, windows and a huge custom deck bakcing to Little Hunting Creek.  Two master bedrooms each have a private bath.

Out in Herndon, $699,000 will buy this 5 bedroom, 3.5 bathroom brick colonial on almost 1/2 an acre.  The home was built in 1987 and features a renovated kitchen with new appliances and granite counters, a family room with cathedral ceilings and a floor to ceiling fireplace.  The home also has a ppol and 2 story deck and is a short drive to Reston Town Center. 

Information on Northern Virginia Single Family Homes in other price ranges:

Northern Virginia Real Estate -- Available Single Family Homes for $500,000 or Less

Northern Virginia Real Estate -- Buying a Single Family Home for $600,000 or Less

Northern Virginia Real Estate -- Single Family Homes You Can Buy for Under $800,000

Northern Virginia Real Estate -- Lovely Single Family Homes between $800,000 and $900,000

Northern Virginia Real Estate -- What Can You Buy for $1 Million?

It's a great time to buy in Northern Virginia.  Most homes are being sold for under the asking price and many sellers are contributing towards the purchaser's closing costs. 

Please take a look at our Northern Virginia Real Estate website at www.BlockRealEstateGroup.com.  Give me a call at 703-626-0715 (cell) if you are thinking of purchasing a home in Northern Virginia. 

If you want to sell your home, please click here for a free comparative market analysis for your Northern Virginia home.

You can reach me by e-mail at brian@brianblock.com.  I look forward to hearing from you and helping you with your Northern Virginia real estate needs.

Note:  These homes offered for sale by various Northern Virginia brokers on the Multiple Listing Service and are not necessarily the listings of Brian Block or RE/MAX Allegiance.