Property Price Increase Right After National Landing Announcement

Ever since the announcement of Amazon's second headquarters that is to be erected at National Landing, Arlington, VA properties seem poised for better days. With prices skyrocketing and seeing a 10% increase just between the announcement on November 2018 and a year after, it would be an understatement to say that we're just as excited as you are.

Photo from the City of Arlington website

On a normal day sans the buzz of billionaire Jeff Bezos in headlines, Arlington only roughly gets 5-6% increases in property prices annually. On a national scale, the yearly average only fixates at around 3.5 to 3.8% every year.

Photo from the City of Arlington website

The median home prices for National Landing are also looking swell, with a report last June 2019 indicating that they almost doubled - going up 99.9% ever since the Amazon HQ2 announcement.

Stats from MLS

Looking back on Amazon's 2018 plans, they originally had a split in mind - with 2 HQs both in New York and Arlington. Bezos decided to pull out of Long Island City, Queens due to speculation and decided to focus on Crystal City instead.

Stats from MLS

With over a thousand employees for HQ2 currently taken under the wing and with the new headquarters promising to give roughly over 25,000 new jobs for people - it's only logical that these people either house themselves at Fairfax County if they're okay with the commute. But of course, the most logical way to go about things would be to just stay in National Landing and look for a spot at Crystal City or Pentagon City instead.

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