If anyone looked at the Vienna real estate market for new homes, they may be surprised to see that anything new is now over a million dollars.
New home construction came to a screeching halt in early 2009 as most people decided to postpone home purchases.
But something happened here that is unique, and our current market reflects the problem.
The Northern Virginia economy continued to grow and people moved here to fill those jobs. With a steady influx of people and no new supply of homes, any existing invenotry was purchased.
In 2014, new home construction has resumed in places like MetroWest, Loudoun County as well as infill construction in Arlington, McLean and Vienna.
This expression means being close to D.C.