Home Prices Up 5.8% in Presidential Election Years!

In the Northern Virginia market area of Fairfax, Arlington, Alexandria and Falls Church, homes prices have been up on average 5.8% for the last 9 Presidential election years.  Considering that this section of Northern Virginia is the closest in proximity to Washington DC compared to other regions of the Commonwealth, that is very good news for our market area.  These statistics come from the Sun Gazette chart titled:  “37 Years of Homes Sales in Northern Virginia.”  Thus 2012 should be a very good year to sell or buy real estate in Northern Virginia.

The above schematic illustrates the close proximity of Washington DC to Northern Virginia.  It is but a short journey over the Potomac River.  Many major corporations either headquarter or maintain a significant presence in Northern Virginia in order to be in close proximity to the United States Capitol.   Ronald Reagan Washington National Airport is in Arlington adjacent to the Potomac River and serves as the airport closest in proximity to the Nation’s Capital for the metropolitan area. 

The Yellow line of the Metrorail system runs from Washington, DC with a stop at Reagan National Airport as it journeys to Alexandria.  The Blue line of Metro runs from Washington, DC to the Pentagon with stops in Alexandria to Franconia-Springfield.  The Orange line of Metrorail system runs from the Nation’s Capital through Arlington to Vienna. The Silver line is projected to open in 2013 and will connect Washington, DC to Tysons Corner and Reston.  Upon completion of the entire plan, the Silver Line will connect Washington, DC to Dulles International Airport.

Karen Briscoe and Lizzy Conroy are active and experienced Realtors ® in the Northern Virginia, Washington DC market place and would be delighted to assist whether for home buying or selling.  The Huckaby Briscoe Group was recognized in September 2011 as one of the Wall Street Journal Top Real Estate Teams in the United States.  Please contact via the means most convenient for you:  www.HBCRealtyGroup.com, 703-734-0192, Homes@HBCRealtyGroup.com.