How Much Difference Does Location Make in NOVA?

There are plenty of HGTV, BRAVO and A&E network TV shows that talk about “what you get for the money” in certain areas of the country. If you are a prospective buyer relocating to Northern Virginia or already living here and considering a home purchase the same question applies only on a much more micro level. In the case of Northern Virginia the question may be is the neighborhood you are considering inside the beltway or south of the Springfield Interchange?

Just to give you a general idea of what I mean take a look at this chart. It shows the “average” home price for three areas in Northern Virginia. The first is the Woodbridge zip code of 22192, the second is the Springfield zip code of 22152 and the third is the Falls Church zip code of 22046.

 

 

You can see a dramatic difference in sales prices for detached SOLD homes over the last 6 months between the three areas. These numbers are averages and for any neighborhood you are considering they would have to be broken down much further to help you make an offer on a particular property. What it does clearly show is as you get closer to DC prices are higher. As you are searching for a new home there are a wide variety of factors to consider. Not only what can I afford but what amenities am I look for in my neighborhood, what will my commute be like and how long do I plan on living here to name a few.

If you want a bigger house heading south to Woodbridge and taking VRE, a commuter bus or joining a slug line may be the right answer for you. If you want to be a bit closer to DC but still want a bigger home than neighborhoods in Springfield might be your cup of tea. If a smaller home where you can walk to the shops and resturants suits you then Falls Church may be the answer.

If you are thinking about buying a new home in the next few months give Cindy Jones and CJ Realty Group a call at 703-346-2213. Let’s sit down and talk about not only the price of the home you want to buy but all of the other pieces of the home ownership puzzle. Let us help you find the right neighborhood for you to call home.

2 thoughts on “How Much Difference Does Location Make in NOVA?

  1. Some things never change, and this is something that all of my clients really appreciate, the ability to identify a great area compared to just a good area. What does it matter some say, and I say $100,000 in some cases. We know what people want, and we can tell that some areas are going to appreciate faster than others, and in parts of Franklin Tn, that can mean as much as 10 percent difference over a few years. When talking about million dollar homes, you do the math. Location is still the king of real estate values, and you know Northern Virginia real estate. Hopefully your customers understand the value of your experience.

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