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Báo cáo Redfin: Arlington và Alexandria là thị trường nhà ở cạnh tranh nhất của quốc gia
Hiệu ứng Amazon đang thúc đẩy sự cạnh tranh khốc liệt cho các ngôi nhà với việc đi lại dễ dàng đến Crystal City
Redfin Report: Arlington and Alexandria are the Nation’s Most Competitive Housing Markets
The Amazon effect is fueling intense competition for homes with an easy commute to Crystal City
SEATTLE, Aug. 19, 2019 /PRNewswire/ — (NASDAQ: RDFN) — Alexandria and Arlington, VA are the most competitive housing markets in the U.S., according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Both cities neighbor Crystal City, home of Amazon’s upcoming second headquarters (HQ2).
The report ranked cities by Redfin Compete Score, which rates how tough it is for buyers to win a home using Redfin data on the number of competing offers and waived contingencies, as well as multiple listing service (MLS) data on how quickly homes are going under contract and for how much above list price. Both with a Compete Score of 96, Alexandria and Arlington buyers face the most intense competition anywhere in the country.
In the HQ2-adjacent cities, homes are going under contract far faster than the national rate or even the D.C. metro as a whole. Homes sold in July went off the market in a median 11 days in Arlington and 14 days in Alexandria, about a week less than last July in both, and far lower than the 27-day median for the D.C. metro and 38 days nationally. More than half (57 percent) of all homes for sale in both Arlington and Alexandria went off the market in two weeks or less. That was true of just 40 percent of homes in the D.C. metro and just 29 percent of homes nationwide.
“The Amazon HQ2 effect has become a permanent factor in the Arlington and Alexandria housing markets,” said local Redfin listing agent Marcia Burgos-Stone. “Some sellers are still opting to hold on to their homes and wait until it becomes a more concrete reality in the hopes that they’ll get more money. This has led to a shortage of homes for sale, which puts pressure on buyers who are concerned that they’ll be left behind if they can’t find a home before things get too heated up.”
In both Arlington and Alexandria, the number of homes for sale fell by about 50 percent year over year in July. Without enough supply to meet demand, more homes are selling above list price. Nearly half (46 percent) of Arlington homes sold in July went for more than list price, versus just 27 percent a year ago. In Alexandria, 36 percent sold for more than list, up from 24 percent a year ago. That can be compared to 32 percent in the D.C. metro and 24 percent nationwide. Median home sale prices in Arlington and Alexandria are more volatile, especially with a declining volume of sales due to the increased competition, and are currently flat or down from a year ago.
Arlington, VA
Alexandria, VA
Washington, D.C. metro
National
Median sale price
$616,000
$490,000
$421,500
$318,100
Median sale price, YoY change
+0.2%
-4.4%
+2.8%
+3.3%
Home sales, YoY change
-22.0%
-21.8%
-7.2%
-1.1%
Inventory, YoY change
-50.5%
-47.1%
-12.7%
-3.4%
Median days on market
11 days
14 days
27 days
38 days
Median days on market, YoY change
-7 days
-6 days
+8 days
+2 days
Percent under contract within 2 weeks
57.1%
57.0%
39.6%
29.1%
Percent under contract within 2 weeks, YoY percentage point change from a year ago
+5.8 pts
+12.8 pts
-8.1 pts
-1.6 pts
Percent sold above asking
45.9%
35.7%
32.2%
23.9%
Percent sold above asking, YoY percentage point change
+19.2 pts
+12.1 pts
+2.9 pts
-3.2 pts
Share of homes with a price drop
27.7%
25.2%
30.0%
28.1%
Share of homes with a price drop, YoY percentage point change
-7.2 pts
-18.1 pts
-6.2 pts
+1.8 pts
“A market can become highly competitive when buyers agree that home values will increase steeply in the future,” said Redfin chief economist Daryl Fairweather. “If you believe home values will go up hundreds of thousands of dollars in the next five years, you will race to bid five or ten thousand dollars above asking price today. So, even though it may take a decade for Amazon’s HQ2 to grow the size of the Seattle headquarters, attracting high-earners and driving economic growth in the surrounding area, homebuyers and home sellers are already operating under the assumption that there will be strong demand for homes going forward.”
|
Most Competitive Cities for Homebuyers |
||
|
Rank |
City |
Redfin Compete Score |
|
1 |
Alexandria, VA |
96 |
|
2 |
Arlington, VA |
96 |
|
3 |
Grand Rapids, MI |
96 |
|
4 |
Tacoma, WA |
95 |
|
5 |
Oakland, CA |
93 |
Compared to last summer when Redfin debuted the Redfin Compete Score, only Oakland and Tacoma have retained their positions in the top five most-competitive markets. Amazon is also likely a major factor in Tacoma, the fourth-most-competitive market. Buyers in nearby Seattle who have been priced out are looking to their neighbor to the south for more affordable options.
In addition to the HQ2 cities shooting to the top of the list, Grand Rapids is also one of the most competitive markets in the country, thanks to its affordability. The median home in Grand Rapids in July sold for just $215,800, well below the national median price of $318,100.
To read the full report, including a map and additional insight from local Redfin agents, please visit: https://www.redfin.com/blog/amazon-hq2-real-estate-virginia.
For the rest of the top 10 most competitive markets, visit our national housing market stats page: https://www.redfin.com/us-housing-market.
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 90 major metro areas across the U.S. and Canada. The company has helped customers buy or sell homes worth more than $85 billion.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, subscribe here. To view Redfin’s press center, click here.
SOURCE Redfin
Related Links
http://www.redfin.com
City of Alexandria Hosts Opening Expo for New Patrick Henry Recreation Center
For Immediate Release: February 14, 2019
The City of Alexandria invites the public to celebrate the opening of the new Patrick Henry Recreation Center (4653 Taney Ave.) on Saturday, February 23, from 9 a.m. to 1 p.m.
“The new Patrick Henry Recreation Center provides a wonderful addition to the City programs and amenities available on Alexandria’s West End,” said City Manager Mark Jinks. “The innovative and flexible design maximizes use by the entire community.”
The Opening Expo will feature free activities for all ages, including class demonstrations, fitness room and functional fitness demos, soft play room use, exhibitors, summer camp information, facility tours, face painting, DJ music, and a “meet and greet” with center staff. On-going class demonstrations will include yoga, boxing, creative arts, tumbling, martial arts, tai chi, basketball, performing arts and more. For more information, visit the event page on the City Calendar.
The new recreation center opened to the public on January 22, and operates Monday through Friday from 9 a.m. to 9 p.m. and Saturdays from 9 a.m. to 6 p.m., with additional opportunity for pre-scheduled use on Saturday evenings and Sundays.
Recreation amenities include:
indoor running or walking lanes
a flex court with full size basketball, volleyball and pickleball courts
multipurpose rooms to provide space for expanded senior programming, community classes and meetings and expanded Out of School Time programs
dedicated arts and crafts, exercise and fitness, and soft play rooms
shared used of the black box theatre, full size gymnasium and an additional multipurpose room in the adjacent elementary school during non-school hours
preparations continue for the installation of a full size rectangular synthetic turf field with a coach-pitch baseball/softball diamond overlay, outdoor basketball court, three playgrounds and adult fitness equipment
Free drop-in classes provide another opportunity to sample programs that will be offered in the spring. Pre-registration is not required for drop-in classes. The following classes will be offered weekly at the recreation center between February 25 and March 29:
Fun for Kids: Lil Yogis, Tiny Chefs, Lil Kickers, Little Stars, Jump Shots for Tots and Tumbling
Adult Fitness: Zumba, Stretch It Out, Hip Hop Fitness, Yoga, Walk & Fit Training, Boxercise, Tai Chi and Adult Weight Training
Fitness for Ages 55 & Up: Age Reversal Stretch, Senior Aerobics, Senior Weight Training and Line Dancing
The original joint project plan between the City and Alexandria City Public Schools (ACPS) was put in place almost five years ago. Staff from the City and ACPS worked closely together to resolve site constraints and topographical issues to ensure project efficiency while simultaneously matching the needs of both entities. The final total cost of the project was $62.8 million, of which $52.3 million is attributed to the new school and $10.5 million is attributed to the recreation center, including the upgrading of outdoor amenities.
For a detailed schedule of drop-in classes with descriptions and parking information, visit alexandriava.gov/Recreation or contact the Patrick Henry Recreation Center at 703.746.5557.
For media inquiries, contact Andrea Blackford, Senior Communications Officer, at andrea.blackford@alexandriava.gov or 703.746.3959.
For reasonable disability accommodation, contact gladstone.harriott@alexandriava.gov or call 703.746.5557, Virginia Relay 711.
# # #
This news release is available at alexandriava.gov/108102.
https://www.prnewswire.com/news-releases/redfin-report-arlington-and-alexandria-are-the-nations-most-competitive-housing-markets-300903251.html
