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 Thursday 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 look at the most and least expensive townhouses sold in Fairfax County last month, April 2024.
The Fairfax County Park Authority has composed a slate of summer shows, including Grammy honorees, drive-in movies and a range of dancers. Nearly 200 live events will take place across…
Fewer parking spaces will be required in the expansion of Reston Town Center than previously anticipated. During its May 7 meeting, the Fairfax County Board of Supervisors agreed to vacate…
We’re about a month out from summer. That means you’ve still got time for spring cleaning!
Lexi Grant, an operations manager at Well-Paid Maids, shared her go-to spring cleaning tips with WTOP News. Step one? Declutter. Get rid of items you don’t use, find space for items that need a home and organize those areas.
Then, it’s time to dust. Lexi starts with high-touch surface areas (think: refrigerator, dishwasher, counters, microwave). One area she sees often neglected is the bedroom — and it makes sense. Heavy furniture is difficult to move around, but it’s important to really get in there so dust doesn’t affect your sleep.
FREE Leadership Sessions will be conducted at the George Mason University –Arlington Campus for High School Latinas. The program runs from Monday 7/15 through Friday 7/19 from 10:00AM to 3:00PM EST each day (1-week).
Las sesiones de liderazgo GRATUITAS se llevarán a cabo en el campus de George Mason University – Arlington para latinas de secundaria. El programa se desarrollará desde el lunes 15 de julio hasta el viernes 19 de julio, de 10:00 a.m. a 3:00 p.m. EST cada día (1 semana).
Our goal is to equip students with the fundamentals of self-promotion and guide them in shaping their personal brand for future success. What sets this program apart is its integration of self-awareness activities and mentorship by seasoned professionals.
Sessions begin with a thorough assessment of leadership dynamics on July 15th, participants delve into the intricacies of personal branding and etiquette on July 16th, followed by practical guidance on crafting compelling LinkedIn profiles and resumes on July 17th. July 18th emphasizes the art of storytelling through personal statements, while July 19th culminates in portfolio presentations, allowing participants to showcase their newfound skills. The program concludes on July 20th with a memorable graduation ceremony, celebrating the accomplishments of the ELITE Academy’s graduates and their journey towards leadership excellence.
Reclaim Your Health Holistically! Vienna, VA
This live local wellness workshop offers everyone a great occasion to discover how to implement natural safe effective solutions for all ages and stages. This event is designed to help you take another step towards reclaiming your health holistically. A
Air Layering: Propagating Difficult to Root Plants
Air Layering Workshop: Propagating Difficult-to-Root Plants
Sunday, May 19, 2024
1:00-3:00pm
