Northern Virginia Home Values Increasing

Virginia Gay Real EstateHome values in the Northern Virginia area have experienced marked increases, signaling a good time to buy, reports leading Northern Virginia real estate specialist Karen Parker. Arlington, Virginia homes for sale continue to be an active market, with home prices and values experiencing slight increases, according to the recent Zillow Home Value Index. Condominiums still lead the housing types in Arlington, accounting for 41.9% of the total number of residences in the city.

“There are quite a few bright spots in the region’s condo market these days and those looking for condos in Arlington, Vienna and McLean are encouraged to buy,” says Parker.

In Fairfax County, the market for McLean, Virginia homes for sale also saw a significant price increase from last year. In the McLean real estate market, condos account for a small 29.8% of houses as compared to single-family homes. This thriving community just north of Falls Church has seen a market of repeat buyers and investors overtake first time buyers as recent sales leaders.

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