Folks moving into this area from other parts of the country or abroad are coming to DC with high expectations of scooping up a “steal”…. homes close to metro transportation, exceptional schools, and quality craftsmanship. What many don’t understand is that those areas within close proximity to the DC area have been seeing a recovery for years and some areas, like Arlington, are now at about 90% of the median prices compared to the peak of the market in 2005.
This article in The Washington Post is an excellent “reality check” for those looking to buy a deal/steal in this area. It won’t be easy!