Virginia Real Estate - Northern VA Market Trends 2014
by Gene Mock
Associate Broker, Premier Team, Keller Williams Realty
703-342-8100
Real estate in Virginia is project by many to grow in 2014, especially in Northern Virginia, which is expected to grow the most. This is particularly true in the counties of Loudoun, Fairfax, Arlington and Prince William. Demographics of this area of Virginia are changing as well as economic factors. Unemployment is lower than the national average, and more people are moving here with larger incomes and discretionary funds to spend. The future of Northern Virginia real estate looks strong and quite promising, especially in suburban communities in these counties. Some specific neighborhoods with the following counties are worth highlighting:
ARLINGTON COUNTY 
The neighborhood known as Shirlington in Arlington County is worth mentioning. It has been rapidly developing over the last decade and is now drawing the attention of newcomers to the area. Within Shirlington there are single family, condominiums and townhomes, and commuting to the Pentagon by bus from Shirlington only takes about 10 minutes!
FAIRFAX COUNTY
Vienna is a town that investors need to keep an eye on. In August of 2013 CNN and Money magazine called Vienna one of the "100 best places to live in America." One of the outstanding features of this town is it's highly rated public schools. Commuters find Vienna, VA a great location for work, school, shopping with Tysons Corner located nearby and recreation. Vienna is known for single family, town home, condominium living at its best.
Great Falls is a community that has doubled over the past 10 years. With this type of growth housing may grow substantially, relative to other Virginia real estate areas, as demand for housing close to employment centers of Reston, Herndon, Tysons Corner, as well as Washington, DC grows. The extension of the Metro System has added to the popularity of this area with the addition of the Tysons Metro stop, just minutes away.
McLean is an unincorporated town in Northern Virginia, but is well known in the area for it's wealth. The median income per family is just under $200,000, and the prices for real estate reflect these incomes.The close proximity to Washington, DC offers buyers the best in luxury and convenience.
PRINCE WILLIAM COUNTY
Woodbridge is located about 20 miles south of Washington, DC and is home to a large population who commute to jobs there and surrounding areas. Woodbridge has continued to grow over the past decade and continues to attract newcomers to the Washington, DC region.
Haymarket is a growing and affluent area of Prince William County, Virginia. Median household income is well into six figures. Supply of housing is limited and prices are projected to grow in 2014.
Loudoun County
This county continues to be among the most popular in Northern Virginia. Ashburn continues to grow and real estate prices have remained strong here in 2013. Farther west, the town of Leesburg, located near the Potomac River and Purcellville a few miles west of Leesburg is growing in population and is a very popular area for young, growing families. Loudoun County's public school system is among the best in Northern Virginia, which promises to attract more people becoming homeowners in 2014.
Virginia Real Estate Northern VA Market Trends 2014
Premier Team ~ Keller Williams Realty ~ Google Maps
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