With Amazon building a large Headquarters facility here in Crystal City Virginia, I am getting asked questions regarding home prices in the area. One thing of interest, is that Crystal City is a predominantly commercial area with a few residential options here and there. So most newcomers to the area and future Amazon employees may need to consider some nearby communities for their homes. Pricing in Crystal City proper will range depending upon the size of the unit. At time of this blog post, there are 3 condominiums available in the Waterford House building. Pricing ranges from $450,000 for a 1 bedroom 1 bathroom with 935 square feet and a $727 per month condo fee to $1,650,000 for a 3 bedroom 3 bathroom 2817 square foot condo with a $2400 per month condo fee. At the time of this blog post, interest rates are around 5%. $500 per month in condo fee will equate to roughly $100,000 in fee simple purchasing power. For those that love the high rise living and want to walk everywhere, Crystal City is lovely. There are other nearby areas with great options along the Metro line with service that connects to Courthouse Metro, Clarendon Metro, and Rosslyn Metro. These are all Arlington stops on the Metro. The current median sales price in Arlington County is approximately $650,000. Neighboring Alexandria may offer some more affordable options. Median home prices in Alexandria is approximately $475,000.
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