Laura Schwartz is a licensed Realtor in VA, D.C. and MD with McEnearney Associates in Vienna. You can follow Laura on Instagram at @LauraSchwartzRealtor or her Facebook page. Laura can be reached at 703-283-6120 or Laura@GuidingYourMove.com.
We all know housing prices have gone up a lot over the last few years specifically, but have you ever wondered how much land prices have gone up over the past 50 years?
We have some historic homes in Vienna, but the rest of the town is a mix of new builds, pop ups, and original ramblers. Land is also the one thing we can’t make more of, so what’s left is obviously a rare and precious commodity.
Most of the homes in the Town of Vienna sit on approximately one quarter acre (ranging from .23-.26). There are anomalies that are larger and the rare half acre or larger land, but I’m going to specify what I’m measuring below. Remember, I’m talking about averages here.
Quarter Acre Lots in the Town of Vienna
- 1980s: Around $200,000
- 1990s: Mid $300,000
- 2000s: Upper $400,000 and into $500,000 towards the end of the boom in 2007
- 2010s: Here’s where the explosion of tear downs begins… prices hit $600,000s
- 2020s: With the covid boom, I’ve seen quarter acre lots hit mid $850,000 recently
I wish I could go back to the 1980s and buy 20 of them. Original land owners are sitting on a literal gold mine.
And if this isn’t an example of why you should buy real estate, I don’t know how else to demonstrate the strength of real estate for your financial future.
Recent Stories
Good Wednesday evening, Fairfax County. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier…
A 24-year-old man from Alexandria is facing multiple criminal charges for allegedly shooting a man he was trying to rob in Bailey’s Crossroads. Alexandria City police arrested Abner Neftali Selen…
Sushi Umi has arrived in Tysons. The Japanese restaurant began accepting pick-up orders at 7615 Colshire Road in the Scotts Run neighborhood on April 19 and quietly opened to dine-in…
In the future, Herndon hopes to see a vast swath of land near its Metro station transformed from aging, auto-centric commercial lots into a mixed-use, interconnected neighborhood. That vision solidified…
Good news, D.C. area. You can save money on your next home cleaning with Well-Paid Maids. It’s easy!
We offer a discount when you set up recurring cleans — and the discounts just increased this week!
For weekly cleans, get $30 off each cleaning.
Potomac Harmony is Back! Following a gap year of competing, then virtual rehearsals during the pandemic, followed by the well-earned retirement of our long-term director, a year of a director search, Potomac Harmony hit the regional contest stage in Concord, North Carolina in March for the first time since 2018! It was exhilarating, reaffirming, and rewarding!
The chorus hit all of its goals, the biggest of which was to have fun and sing our best on contest stage — we did both! Because we earned a score over 400 points, our new Director, Allison Lynskey, was awarded the Novice Director award, photo above. Additionally, one of our charter members, Jackie Bottash, was nominated for and honored with the Leadership Excellence award. It was a celebratory weekend!
What’s next? So much! We now look forward to upcoming performances, growing our membership, and expanding our musical product with new arrangements and an education component each week. It’s an exciting time to be part of this ever-growing ensemble!
Pedal with Petals Family Bike Ride
Join us on Saturday, May 11th and ride into spring during our Pedal with Petals Family Bike Ride. Back for its second year, Pedal with Petals is going to be bigger than ever. This year’s event will include both an
Encore Creativity for Older Adults at Capital One Hall
Encore Creativity for Older Adults is pleased to raise the curtain and welcome community members to its spring concert at Capital One Hall in Tysons, VA on May 4, 2024. The concert, which starts at 3 PM, will bring hundreds
