ONE MILLION DOLLARS! 

It used to be the Holy Grail of real estate in Northern Virginia.  However, with the price appreciation that the Northern Virginia region experienced over the last several years, the inventory of million dollar homes is quite plentiful. 

In fact, combining the inventory of Alexandria, Arlington, Fairfax County, and Falls Church, there are currently 866 single-family homes on the market for over $1 million, representing 21% of all available single family homes for sale.

Are homes selling in the million dollar price range?  Yes, they are.  This year to date, 1003 homes have sold throughout Alexandria, Arlington, Fairfax and Falls Church for over $1 million.  Sales have slowed a bit and there have only been 54 million-dollar plus sales for the month of November 2007. 

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.

Here are some examples of single family homes that you can purchase in Northern Virginia for right around $1,000,000.  There are still some wonderful homes in this price range.

ALEXANDRIA 

Comprising 5 bedrooms, 4.5 bathrooms, this Alexandria home was built in 2000 and features a huge fenced half acre, a family room with cathedral ceiling and stone fireplace.  The lower level includes a recreation room, 5th bedroom and a full bathroom.  Located just down the road from George Washington's Mount Vernon.

ANNANDALE 

Wow!  5,500 square feet of premium living space in this million dollar Annandale home.  Built in 2001, this brick home has 5 bedrooms, 4.5 bathrooms with hardwood floors on the entire main level.  The finished lower level features a wet bar area. 

FALLS CHURCH

Fantastic Falls Church location near the Metro and shops.  In the McLean school district, this great colonial has almost 4000 square feet of space with 6 bedrooms, 4.5 bathrooms and a 3 car garage.  One of the master suites is on the main level.  Just built in 2006.

VIENNA

This 5,000 square foot custom home is on just under an acre in Vienna, walking distance to the popular Washington & Old Dominion Bike Trail.  Crown molding, chair rail and a beautiful gourmet kitchen compliment this 4 bedroom, 4.5 bathroom house on just under an acre landscaped yard.

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 -- Single Family Homes You Can Buy for Under $800,000 

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

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.