This Wall Street Journal article telling the story of the steep price of single-family homes in Arlington has attracted lots of local attention this week.
The crux of the story: members of the Millennial generation, many of whom first came to the area as apartment-dwelling singles, are increasingly starting families and looking to trade up to single-family homes, but a lack of supply has made it difficult for them to find something affordable in Arlington.
Still, Arlington remains an attractive place to live, particularly for the mix of suburban-style living and urban-style amenities.
But many of those millennials are well paid and want larger homes than they would get in those high-rises, said David Howell, executive vice president and chief information officer with McEnearney Associates in Washington. Others are starting families or moving to Arlington for its good schools, said Mr. Howell, or for new jobs with federal agencies and Arlington-based companies such as Boeing Co. or Nestlé SA’s U.S. headquarters. There is little land for building new single-family housing, he noted. The pandemic worsened the shortage, according to Ryan McLaughlin, chief executive officer of the Northern Virginia Association of Realtors. Older homeowners didn’t downsize, he said, and others renovated houses they now hesitate to leave. Now, he added, owners also balk at trading low mortgage rates for new, higher ones.
“Single-family homes are the hottest ticket in town, for sure,” said Mr. McLaughlin. “The extraordinary price growth has left many homeowners with very expensive homes while leaving first-time home buyers wondering how they will afford to buy one.”
Despite the slowdown in the overall market, the median price for a single-family detached home in Arlington County rose by 16.5% between July 2021 and July 2022, according to Bright MLS. The average number of days homes stay on the market rose from July 2021, but only by two days to 18 days, the service reported. At the end of July 2022, there were 147 detached homes on the market in Arlington, 21 more than in July 2021, according to Bright MLS.
Of course, not everyone needs a single-family detached home. Some would-be homeowners would be happy (or happier) with a single-family attached home, like a townhouse or a duplex.
But those are in shorter supply. The number of townhouses currently on the market is less than half the number of single-family detached homes, according to Redfin data. On the other hand, townhouses and duplexes are, on average, considerably less expensive than single-family detached homes, which have a current average sale price of just over $1.2 million, according to Redfin.
Arlington’s missing middle housing initiative may end up changing zoning to allow for more townhouses, duplexes and other smaller-scale multi-family housing types, but for now the reality is that there’s more to choose from if you were interested in detached homes on one end of the spectrum or condos in larger complexes on the other.
Given the WSJ story about the popularity of single-family detached homes, and the on-going missing middle debate, we were interested in finding out the housing preferences of readers if you take price out of the equation.
If all other things were equal, including price, what would be your preferred home type (detached or attached) and location type (a more leafy, suburban setting, or a more urban setting with amenities like restaurants and transit nearby) within Arlington?
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Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve