"Real estate firm Redfin named Arlington County and Alexandria in Virginia as America’s two most competitive markets for potential home buyers.
Redfin looked at markets across the country to determine the highest number of competing offers and waived contingencies, how quickly homes are going under contract and for how much above list price.
Arlington County and Alexandria scored 96 out of 100, meaning both are where potential buyers are facing the most intense competition anywhere in the country.
Redfin points at Amazon’s HQ2 as one factor boosting the two markets, which are closest to the tech giant’s future site at Crystal City.
“The Amazon HQ2 effect has become a permanent factor in the Arlington and Alexandria housing markets,” said local Redfin 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 will get more money. This has led to a shortage of homes for sale.”
The number of active listings in both Arlington and Alexandria is currently about half what it was a year ago."
Oh yes! AOC jawboned Amazon out of establishing part of a second headquarters in her congressional district and thereby screwed her constituents out of a lot of money in pay and appreciated real estate prices.
Well pilgrims (and people in Europe) the fair city of Alexandria, Virginia was not so silly as to do that in spite of rule by Yellow Dog Democrats, Yankee immigrants, minorities and a few Blue Dog Democrats. Rather than do that the city and the commonwealth rolled out the red carpet in the forms of tax breaks, help with re-settlement of employees, etc.
As a result, a house one block from mine sold last week for seven figures after having been on the market for five days. In that time there had been five bona fide offers above the asking price. It was a good house but not a great house.,
I am not planning to sell this lovely old 1913 bitch (no mortgage) but I must say I can forgive Bezos for a lot of the crap in the Washington Post in return for this. You should see my outdoor kitchen. pl