A couple of weeks ago, we did an article in which it was noted that, in Fairfax County, the average sales price for single-family homes was edging ever closer to the $1 million mark.
In the article, we asked top real-estate pros to prognosticate when they believed the seven-figure mark was going to be surmounted.
Well, we didn’t have to wait long – the average sales price for single-family homes in October was $1,034,460, according to figures reported by MarketStats by Showing Time, based on date from BrightMLS. That’s up a whopping 18.3 percent from the $874,277 recorded a year before.
Fairfax joins Arlington and Falls Church in the over-a-million club; Alexandria also occasionally reaches that peak, but has been lower of late.
At some point, the home-appreciation rocket ship has got to ease off the throttle, doesn’t it? I mean, Biden-era inflation is one thing – gas costs more, Pop Tarts cost more, although Fancy Feast is holding steady at 70 cents apiece at Giant – but at a certain point, aren’t housing costs going to outstrip the ability of people to afford them, particularly with higher interest rates on the way?
Seems like all the pieces are in place for another housing bubble, but hey, that’s just crazy talk 🙂
ARLINGTON PUBLIC SCHOOLS GETS LOST ON THE ‘WOKE HIGHWAY’: Arlington Public Schools recently put out a press release noting students had been selected to the 2021 Virginia Music Educators Association Senior Honor Choir.
The crank in me found this paragraph interesting: “The choir is open only to the top 125 singers from around Virginia and is the highest honor a choir student can attain during his or her high-school career.”
“His or her”? Whoa, whoa, whoa. Sounds awfully antiquated, APS, at least based on your own teachings that we are free to be anything we want to be – male, female or other.
(I love playing the “throw the ‘wokeness’ right back in their face” game. One of the few things that keeps me coming into the office … well, that and the paycheck.)
THE PAST IS PROLOGUE ONCE AGAIN: After all the lunacy of the past year, here’s an item from this week back a whopping 53 years ago that seems to have a very modern ring to it.
“Fairfax County supervisors are incensed that some insurance companies plan to raise homeowners’ premiums because Northern Virginia is now considered a riot-prone area,” the Northern Virginia Sun reported on Nov. 20, 1968.
Speaking of sounding familiar, an edition of the paper from later in that week quoted U.S. Rep. Joel Broyhill (R-10th) as saying that 1968 had brought “crime, discontent, disorder, confusion, continuous street incidents, school disruption and chaos” to the District of Columbia and, by extension, the region as a whole.
His recommendation? Broyhill called on incoming President Nixon to fire (appointed) D.C. Mayor Walter Washington. Nixon ultimately did not take him up on the offer.
- Scott McCaffrey