When people consider relocating to Northern Virginia they 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 are available in all price ranges throughout Northern Virginia. Single family homes in most of the region start around the mid-$400Ks. Like many other parts of the country, the Metropolitan D.C. region is currently experiencing a buyer's market with a lot of inventory and home staying on the market for longer than in years past. This offers buyers and investors an opportunity to negotiate a lower price with the seller.
The $700,000 to $800,000 price range represents slightly over 13% of the currently available single family home inventory for sale in Alexandria and Arlington.
In Fairfax County, which comprises suburbs further out from Downtown D.C., this price range represents just over 8.3% of all available detached single family homes.
Here are some examples of single family homes that you can purchase in Northern Virginia for just under $800,000.
ALEXANDRIA
This Braddock Heights 5 bedroom 3.5 bath home is walking distance to the Metro on a quiet Alexandria street. With hardwood floors on the main and upper levels, this spacious 1969 colonial has 3 finished levels. It's been on the market for a while, so buyers looking for a good deal may be able to negotiate on this one.
90210? Not exactly, but Alexandria has its own Beverley Hills community. Within the neighborhood lies this 3 bedroom 2 bathroom colonial with an open floor plan and fully renovated kitchen with maple cabines, granite counters and stainless appliances. The slate patio and lovely lot make this home priced at $775,000 a charmer.
ARLINGTON
Almost in D.C.! Near the Chain Bridge in North Arlington, this Golf Club Manor rambler features 5 bedrooms and 3 full baths and was built in 1957. It has a walkout basement, 1 car garage, hardwood floors and a sunroom. You really can't beat the location if you work in D.C. but want to live in Arlington.
FAIRFAX COUNTY
Further out from D.C., in the Fairfax County suburbs, $800,000 will buy you a lot of house. Here are some options in the under $800K price range.
How about a brand new home in Springfield? In the new development of Alban Cove, this $799,000 home has 3 levels, 4 bedrooms 2.5 baths, hardwood floors, granite counters, and all the designer touches. With easy access to the metro, train and backing to parkland, this two garage home has almost 4000 square feet of living space.
On a beautifully landscaped lot in Burke, this 5 bedroom 4.5 bathroom house provides plenty of living space -- 4,470 square feet of it! Cherry hardwood floors, 9 foot ceilings and a stunning kitchen and breakfast room looking out on a wooded backyard make this one a delight.
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 for $700,000 or Less
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.
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