Fairfax, VA Real Estate Tour: Where Smart Money Is Moving with Chris Colgan

Overview

"Fairfax has more Fortune 500 companies than 30 U.S. states, 8,700 tech firms, and, guess what, the #1 public high school in the country."

"Fairfax County sits just outside Washington, D.C., and the proximity is phenomenal for commuters."

"It's the largest county in Virginia, over a million residents, and that proximity to D.C. is huge."

"We're breaking that down in this video, so let's get into it."

Key Takeaways

• "Tysons Corner alone has 28 million sq. ft. of office space, Virginia's largest business district, bigger than downtown Richmond." (2:26)
• "The average salary in Fairfax is well over $100,000, about 50% higher than the national average, creating a strong base of qualified buyers." (2:59)
• "Thomas Jefferson High School for Science & Technology (TJHSST) is the #1 public high school in the U.S., with highly competitive, STEM-focused admissions." (5:39)
• "Fairfax County Public Schools (FCPS) is the 10th-largest district in the U.S., with nearly 200 schools and ~180,000 students." (5:39)
• "Graduation rates exceed 90%, with most grads moving on to higher ed." (5:39)
• "The student body is highly diverse, 200+ countries, 150+ languages represented." (6:16)
• "Fairfax has 420+ parks spanning 23,000+ acres, one of the greenest suburbs in the U.S." (7:49)
• "Average price ~$720,000, up ~3% year-over-year." (11:54)

Unique Facts & Stats

• "Major players include Northrop Grumman, General Dynamics, Booz Allen Hamilton, and SAIC, with massive HQs and regional hubs here." (2:26)
• "Microsoft, Amazon Web Services, and Capital One have big footprints, and Hilton Worldwide is headquartered in Tysons." (2:59)
• "Unemployment runs below the national average. The county actively recruits tech firms with incentives." (2:59)
• "There are 2,000+ tech startups countywide." (3:52)
• "During the 2008 crisis, Fairfax stayed comparatively strong." (3:52)
• "George Mason University (Virginia's largest public research university; ~38,000 students) and Northern Virginia Community College (NOVA), one of the nation's largest community colleges." (6:16)
• "Fun fact: the first Apple Store opened at Tysons." (8:34)
• "Wolf Trap National Park for the Performing Arts (the nation's only National Park for performing arts)." (10:42)
• "Homes can sell for 100–102% of asking." (11:54)
• "Days on market often 14–21." (11:54)
• "The county's 2050 vision targets +100,000 residents and +200,000 jobs." (12:26)

Neighborhoods, Amenities & Lifestyle

"Shopping: Tysons Corner Center (300+ stores) and Tysons Galleria (luxury brands like Louis Vuitton, Gucci, Dior) … Also Fair Oaks Mall and Springfield Town Center." (8:34)

"Reston Town Center offers walkable retail/dining with condos and townhomes. Mosaic District (Merrifield) has boutiques, an Angelika theater, outdoor events, and holiday movies." (8:34)

"Annandale is famous for Korean cuisine (Koreatown). Eden Center in Falls Church is the East Coast's largest Vietnamese shopping center." (9:42)

"Burke Lake Park (888 acres; fishing, boating, trails). Great Falls Park (stunning waterfalls and hiking). Occoquan regional trails. The Cross-County Trail runs ~45 miles through the county." (10:42)

"Wolf Trap National Park for the Performing Arts (the nation's only National Park for performing arts). Tons of community theaters and arts centers, including the Workhouse Arts Center (a former prison)." (10:42)

"Don't sleep on Mosaic, walkable retail, outdoor events, strong restaurant scene, and modern housing stock." (13:58)

"Ultra-luxury: Great Falls and McLean, estates into the tens of millions, large lots, privacy, top schools." (12:44)

Pricing & Housing Types

• "Average price ~$720,000, up ~3% year-over-year." (11:54)
• "Even with higher rates, we've seen 3–5% annual appreciation lately." (11:54)
• "Homes can sell for 100–102% of asking." (11:54)
• "Days on market often 14–21." (11:54)
• "If you're starting around the low-$500Ks to $600Ks, look at Springfield, Centreville, Burke, or Annandale for renovated older singles or townhomes." (13:58)
• "Closer in (Alexandria side of Fairfax County), many townhomes run $500–$700K." (13:58)
• "Ultra-luxury: Great Falls and McLean, estates into the tens of millions, large lots, privacy, top schools." (12:44)
• "Transit-oriented condos near Metro (Vienna, Reston, Tysons): perfect for first-timers, commuters, and downsizers." (12:44)

Commuting & Connectivity

"The Silver Line expansion has been huge, whether you're moving within Fairfax or out toward Loudoun or Vienna. The Metro now connects Tysons Corner all the way to Dulles Airport with convenient stops, reducing the need to drive and offering an alternative to some of the worst traffic in America." (0:24)

"Major highways: I-66, the Capital Beltway (I-495), Route 50, and Fairfax County Parkway create excellent connectivity … The I-66 and 495 Express Lanes have made commuting easier." (1:06)

"From many areas, you can reach Dulles Airport in under 25 minutes." (1:53)

"If you live and work in Fairfax County, the commute is much more manageable than going to D.C., Arlington, or Alexandria daily." (1:53)

Schools

"Fairfax County Public Schools (FCPS) is the 10th-largest district in the U.S., nearly 200 schools and ~180,000 students. It's consistently ranked among the top systems nationally." (5:39)

"Thomas Jefferson High School for Science & Technology (TJHSST) is the #1 public high school in the U.S., with highly competitive, STEM-focused admissions." (5:39)

"Other standout high schools my clients love: Langley, McLean, Madison, Oakton, and Woodson." (6:16)

"FCPS offers extensive AP and IB coursework, plus robust language immersion starting in elementary. The student body is highly diverse, 200+ countries, 150+ languages represented." (6:16)

About Chris Colgan

"If we haven't met, I'm Chris Colgan, Northern Virginia's favorite (self-proclaimed) Realtor. I drop new videos weekly and post breaking news on Instagram with around 10 million monthly views. If you're selling, we can feature your home to that audience. My large team works across the entire DMV, with tons of transactions coming directly from YouTube and Instagram."

See the Newest Fairfax, VA Real Estate Listings

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$999,990

Homesite 48 Farr Ave, FAIRFAX

5 Beds 4.5 Baths 2,657 SqFt Residential MLS® # VAFC2006768

DRB Group Realty, LLC

$390,000

↓ $1

12148 Garden Grove Cir #403, FAIRFAX

2 Beds 2 Baths 1,145 SqFt Residential MLS® # VAFX2260072

Samson Properties

$874,990

2964 Kildare Ln, FAIRFAX

3 Beds 3 Baths 2,500 SqFt Residential MLS® # VAFX2260000

Long & Foster Real Estate, Inc.

$1,200,000

↓ $100,000

3954 Walnut St, FAIRFAX

5 Beds 4.5 Baths 5,088 SqFt Residential MLS® # VAFC2006756

Keller Williams Realty

$270,000

↓ $9,999

9473 Fairfax Blvd #104, FAIRFAX

2 Beds 1 Bath 914 SqFt Residential MLS® # VAFC2006760

Pearson Smith Realty, LLC

$1,034,990

↓ $14,010

3161 Virginia Bluebell Ct, FAIRFAX

4 Beds 3.5 Baths 2,036 SqFt Residential MLS® # VAFX2259550

Samson Properties

$770,000

↓ $30,000

13201 Jasper Rd, FAIRFAX

4 Beds 2.5 Baths 1,880 SqFt Residential MLS® # VAFX2256234

Casals, Realtors

$750,000

↓ $49,500

5307 Richardson Dr, FAIRFAX

4 Beds 2.5 Baths 2,310 SqFt Residential MLS® # VAFX2258774

Long & Foster Real Estate, Inc.

$839,000

↓ $10,000

10901 Santa Clara Dr, FAIRFAX

4 Beds 2.5 Baths 2,352 SqFt Residential MLS® # VAFX2258388

Samson Properties

$858,000

↓ $20,000

2811 Elsmore St, FAIRFAX

5 Beds 3 Baths 2,624 SqFt Residential MLS® # VAFX2258324

Corcoran McEnearney

$497,000

↓ $22,900

3814 Persimmon Cir, FAIRFAX

2 Beds 2 Baths 1,610 SqFt Residential MLS® # VAFX2256626

Samson Properties

$999,888

5039 Prestwick Dr, FAIRFAX

4 Beds 3 Baths 3,270 SqFt Residential MLS® # VAFX2257362

eXp Realty LLC

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