Compass Agents Discuss the Impact of HQ2 in Northern Virginia

Now that Amazon has formalized their plans to launch a new headquarters at National Landing, the greater D.C. region is gearing up for expansive changes.

At Compass, our agents stand poised to put their local expertise to the ultimate test as they empower both new and current residents to navigate the complexities of the changing market in the wake of this historic announcement.

Are you looking to buy or sell, or simply seeking insight into what this news means for you? Now that Amazon has found their newest place in the world, let Compass guide you to yours.

Below, Compass agents weigh in on the impact that Amazon’s HQ2 will have on the real estate market in the Virginia area.

“Arlington is America’s only boutique county and Amazon picking Arlington was no accident. Arlington is the most educated community in the U.S. and coupled with quality housing, public transportation, the region’s best school district and exceptional lifestyle offerings in culture, fitness, shopping and restaurants, Arlington was the region’s best pick for the new headquarters.”– John Eric, Compass Agent

“Single family home stock in the Crystal City area has always been notoriously low. Families brought to the area by Amazon will likely be drawn to the established neighborhoods of North Arlington, while the adjacent neighborhoods such as Potomac Yards, Del Ray and the further south Old Town may see an increase in housing activity as well. Across the bridge in D.C., current Amazon employee clients are looking to remain on the blue and yellow line, focusing on the West End and Foggy Bottom area.”
— Marian Marsten Rosaaen, Compass Agent

“The news of Amazon coming to Crystal city should make home sellers in the entire D.C. metro area feel confident in making the decision to sell and achieve top dollar due to enhanced demand thanks to the thousands of Amazon employees flooding into our market.

Buyers who have been on the fence should also feel the same confidence knowing that they will be purchasing in a thriving area that is about to flourish and appreciate to new levels due to the same demand that will occur over the next few years.”
— Nick Dorcon, Compass Agent

“Once Amazon relocates their headquarters to Northern VA, all property values from Loudoun County to D.C. proper will be positively impacted. Period. No one city or town will be significantly better off.

Some people prefer to live close to the action and are okay with a smaller bungalow house or condo in Arlington while others want space, land and the sense of community Reston offers. Not everyone needs or wants to live right next to their place of employment, and HQ2 won’t change that. Don’t underestimate options to move people such as Metro, commuter share lines, telework, etc.”
— Jonathan Fox, Compass Agent