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real estate in del ray va

Del Ray

Del Ray at a Glance

Looking for a Realtor in Del Ray Virginia? Nestled in the Northern side of Alexandria, Del Ray is a quaint town comprised of thriving small businesses in a cottage-like neighborhood, with the popular Mount Vernon Avenue as the “Main Street.” It is the kind of neighborhood where locals feel lucky to live because it offers a small town feel just minutes from urban Washington D.C. This town is full of character, walkable, bike and fitness friendly, and serves as home to a wide array of local shopping.  You will also find lots of great restaurants and cafes in Del Ray.

Quick Facts

 

  • Town of Del Ray population, 11,506

  • Median household income in Del Ray, $112,463

  • Wide range of housing styles including single-family, townhomes, and condominiums

  • Housing is varied and quirky and the median real estate price is $814,929

  • In the Del Ray neighborhood, 16.8% of people ride the train to work each day

 

 

Seeing the Sights

According to Alexandria.gov, “The community of Del Ray grew up around the railroad and could be considered one of the first commuting suburbs in the area. As the 19th century was ending, the new neighborhoods of Del Ray and St. Elmo were being planned north of the Alexandria city limits. The communities were laid out in grids of long blocks and served by a light railway that could take residents to Washington, D.C., in minutes. When Potomac Yard opened in 1906, the population of greater Del Ray began to grow significantly.

 

In 1908, Del Ray and St. Elmo formed the incorporated Town of Potomac, with its own mayor, council and police and fire service. The City of Alexandria annexed the Town of Potomac in 1930 and the town ceased to exist. The Town of Potomac was added to the National Register of Historic Places in 1992.” Today, this charming town boast an array of interesting events and festivals every year. Popular events include First Thursdays, a series of free outdoor street festivals along Mount Vernon Avenue in the spring and summer running every first Thursday during the months of April, May, June, July, August and September.

 

The Taste of Del Ray takes offers guests unlimited tastes from top local restaurants and the free Well Ray Festival showcases a wide variety of health and wellness options in the Del Ray neighborhood. At the annual Del Ray Music Festival, local musicians perform on two stages at the Pat Miller Neighborhood Square. Also enjoy the Del Ray Halloween Parade, the 5-mile run/walk Turkey Trot, Holiday Tree Lighting and more.

For more great information on things to do, check out Alexandria Magazine for tips in dining, nightlife, events and more.

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Del Ray Virginia is a vibrant, sought-after area for both home buyers and sellers. With its close proximity to Washington D.C., Del Ray offers the best of city living without all the hustle and bustle. Whether you're looking to buy or sell in this booming market, it's essential that you work with an experienced Del Ray Virginia realtor who can provide sound advice on current trends and market conditions within the local area. In this blog post we'll take a closer look at what makes Del Ray such an attractive option for those seeking real estate opportunities, from understanding current market trends to learning about financing options available when working with a Del Ray Virginia realtor. So if you're considering buying or selling in Del Ray Virginia then read on!

Table of Contents:

Overview of Del Ray Virginia

Del Ray is a vibrant and historic neighborhood in Alexandria, Virginia. Located just south of Washington D.C., this area offers a unique blend of urban amenities and small-town charm.

Location and Geography: Del Ray lies within the city limits of Alexandria, VA, situated between Mount Vernon Avenue to the west and Four Mile Run Drive to the east. It is bordered by Seminary Road to the north and Commonwealth Avenue to the south. The area features several parks, including Chinquapin Park Recreation Center which has basketball courts, tennis courts, playgrounds, picnic areas as well as an outdoor pool with lifeguards on duty during summer months.

History and Culture: Del Ray was founded in 1894 when developers purchased land from George Washington’s estate for residential development purposes. Over time it became known for its strong sense of community spirit; many longtime residents still refer to it affectionately as “The Village” or “Little Town USA” due to its close-knit atmosphere that remains today despite rapid growth over recent years. There are numerous local businesses such as restaurants, cafes, shops & boutiques that make up part of what makes Del Ray so special - not only do they provide goods & services but also serve as gathering places where neighbors can come together & socialize with one another regularly.

In addition to all these great amenities, there are plenty more things going on around town too. You can find events and festivals throughout the year at nearby Potomac Yard Park or along Mt Vernon Ave, such as Summer Movie Nights. Live music venues like The Birchmere Music Hall located right here in Del Ray offer up amazing acts from all genres. For those looking for a bit more adventure, take advantage of nearby trails and paths perfect for biking and hiking enthusiasts alike.

Del Ray Virginia is a great place to live with its close proximity to Washington DC, vibrant culture and numerous amenities. With the current real estate market in Del Ray offering many investment opportunities, now is the perfect time for home buyers and investors alike to explore what this charming neighborhood has to offer.

Real Estate Market in Del Ray Virginia

The real estate market in Del Ray Virginia is booming with strong demand for homes and investment properties. Current market trends show that the area has seen a steady increase in home prices over the past few years, making it an attractive option for buyers and investors alike.

Average home prices in Del Ray have risen steadily since 2017, reaching $539,000 as of 2023. This is a significant jump from the median price of $475,000 just four years ago. The average listing price per square foot also increased by 8% over this same period to reach $339/sqft.

Investment opportunities abound in Del Ray due to its proximity to Washington D.C., which provides access to numerous job opportunities and amenities such as museums, restaurants, shopping centers and more. Additionally, there are many rental properties available throughout the area that can provide potential investors with passive income streams or long-term capital appreciation potentials when purchased at lower than market value prices.

The Del Ray real estate market offers a wide range of options for home buyers and investors alike. With its close proximity to Washington D.C., quality of life, and strong education system, it is no surprise that many people are choosing to make Del Ray their home. Let's now explore the benefits of living in this vibrant community.

Benefits of Living in Del Ray Virginia

Quality of Life: Del Ray Virginia is a vibrant community that offers residents an excellent quality of life. The area boasts beautiful parks, trails, and outdoor recreation areas for those who enjoy spending time outdoors. There are also plenty of shops, restaurants, and entertainment venues to explore in the neighborhood. Residents can take advantage of the many cultural events held throughout the year as well as local festivals and farmers markets.

Education System: Del Ray Virginia has some great educational options for families looking to move into the area. Public schools in the district offer a wide range of programs from elementary through high school levels with strong academic standards and extracurricular activities available for students to participate in. Private schools are also available if parents prefer this option over public schooling.

One major benefit that comes with living in Del Ray Virginia is its proximity to Washington D.C., which makes it easy for commuters or those who want access to all that our nation’s capital has to offer without having to live there full-time. With just a short drive or train ride away, residents can take advantage of museums, theaters, professional sports teams, government offices and more.

Living in Del Ray Virginia offers many benefits, including a high quality of life, an excellent education system, and close proximity to Washington D.C. When it comes to buying or selling real estate in this area, working with the right Realtor is key - so let's explore what you should look for when selecting one.

Working with a Del Ray Virginia Realtor

When it comes to buying or selling real estate in Del Ray VA, working with a knowledgeable local realtor can be invaluable. Knowing what to look for in an agent and understanding the services they offer is key when selecting the right one for you.

What to Look For in an Agent: When choosing a realtor, make sure they are experienced and have a good reputation within the community. It’s also important that your agent has knowledge of current market trends and understands how to negotiate on your behalf. Additionally, having access to resources such as listings databases will give them an edge when helping you find or sell property.

Services Offered by Agents: Realtors typically provide services such as showing properties, negotiating offers, managing paperwork associated with transactions and providing advice on pricing strategies. They may also be able to refer buyers or sellers to lenders who can assist with financing options or other professionals needed during the process such as home inspectors or appraisers.

Lastly, don't forget to interview potential agents yourself. Ask questions about their experience level and get a feel for their communication style so you can determine if it would be a good fit working together long-term.

Working with a Del Ray Virginia Realtor is an important step in the real estate process. With the right agent, you can be sure that your home buying or selling experience will go smoothly. Now let's look at some of the financing options available when purchasing or selling property in this area.

Financing Options for Buying or Selling in Del Ray Virginia

When it comes to financing a real estate purchase or sale in Del Ray Virginia, there are several options available. Mortgage loans and rates vary from lender to lender, so it is important for buyers and sellers to shop around for the best deal. In addition, tax implications should be taken into consideration when buying or selling property in the area. Finally, other financial considerations such as closing costs should also be factored into any decision-making process.

Mortgage Loans and Rates Available in the Area: There are many mortgage lenders offering different loan products with varying interest rates throughout Del Ray Virginia. Buyers can compare loan terms and interest rates between lenders to find the best option that meets their needs. Additionally, buyers may qualify for special programs such as VA loans which offer additional benefits such as no down payment requirement or lower interest rate options depending on eligibility requirements.

Tax Implications of Buying or Selling Real Estate in Del Ray VA: When buying a home in Del Ray Virginia, buyers will need to pay taxes on both state and local levels based on their income level and location of residence within the county/city limits of Arlington County where Del Ray is located . Sellers will also need to consider capital gains taxes when selling a property at a profit after owning it for more than one year; however this does not apply if they use proceeds from another home sale towards purchasing their new primary residence within two years prior (known as 1031 exchange).

It is always recommended that potential buyers consult with an experienced realtor who can provide insight regarding all aspects of purchasing property including how much money may be needed upfront during the closing process. This includes fees related to title insurance policies, inspections reports, appraisals, attorney services, transfer taxes etc., which can add up quickly if not accounted for ahead of time by budgeting accordingly.

Conclusion

Living in Del Ray Virginia has its benefits, but it is important to have the right real estate professional by your side. A Del Ray Virginia Realtor can help you navigate the local market and ensure that you get the best deal possible when buying or selling a home. With their expertise and knowledge of current market trends, they can provide invaluable advice on financing options for both buyers and sellers. Whether you are looking to buy or sell a property in Del Ray Virginia, make sure to find an experienced realtor who understands the area and can help guide you through every step of the process.

Are you looking to buy or sell a home in the Northern Virginia area? Winkelmann Properties is here for you! Our experienced real estate agents can provide essential advice and tips on Arlington area real estate, making sure that your investment is well-informed. With our years of experience and dedication to providing top notch service, we are committed to helping make your dreams come true. Contact us today so we can start working together towards finding your perfect Del Ray property!

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