Lyon Village - please explain

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LV commands a premium because in this area, you have people who can afford $3M houses but who still need to schlep downtown to work long hours every day. They want an easy commute, safe neighborhood and nice single family houses.

But why dumpy Lyon Village (just being honest) vs something lovely just a little further out? These high earners are no doubt driving to work anyway.

Hence my theory: invasion of the super rich FAANGs.

There may be a few FAANGs who’ve bought recently but it’s been like this for many years.

Just because *you* have discovered it recently doesn’t mean it’s a recent phenomenon.

Houses have been selling for $3 mil there for years? Please support, with data.

Houses have been priced significantly higher than "a little further out" for many years. As housing prices everywhere skyrocketed this past year, so did LV. Maybe a little extra boost since there was pent-up demand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know a few work colleagues who live in Cap Hill, and they are similar to OP -- always a little too eager to tell about how great it is and dismissive of all other neighborhoods in the DMV. I am not really sure where this type of insecurity of Cap Hill folks comes from.

Again, I did not start this to argue the Hill is superior. I fully understand the variables that would lead to Arlington. It’s just that I specifically wonder about the $1.5 mil premium for Lyon Village. Does not make sense to me when much nicer neighborhoods are available at cheaper/same price.

Which neighborhoods?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LV commands a premium because in this area, you have people who can afford $3M houses but who still need to schlep downtown to work long hours every day. They want an easy commute, safe neighborhood and nice single family houses.

But why dumpy Lyon Village (just being honest) vs something lovely just a little further out? These high earners are no doubt driving to work anyway.

Hence my theory: invasion of the super rich FAANGs.

You don’t need a theory, we are telling you that it’s always been desirable. It seems like you are just learning about LV but it’s been relatively expensive compared to other Arlington neighborhoods for at least 15 years. We don’t think it’s dumpy, we like our neighbors who are of different ages and backgrounds and incomes.

But it hasn’t “always been desireable.” You have a very uninteresting point of view. And it is dumpy compared to other neighborhoods. It’s 1.5 mil max aesthetic. You’ll never convince me it’s $3 mil aesthetic.

If anything this conversation has actually given me an appreciation of historic districts lol.

It's been highly desirable for at least 15 years. And it's no more dumpy than other neighborhoods.

This combination of your persistent ignorance and arrogance is quite fascinating.

[Anonymous]

This is a silly question. They are very different. I prefer LV because of lower crime, lower taxes, and generally prefer to not have to be subject to DC politics/laws. Decision to move to VA really paid off during covid. Also DC’s new requirement for childcare workers to have at least a 2 yr college degree will make childcare that much more expensive. Too much regulation. Arlington is limited in what they can do under state law otherwise I’m sure we’d be just as crazy as DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LV commands a premium because in this area, you have people who can afford $3M houses but who still need to schlep downtown to work long hours every day. They want an easy commute, safe neighborhood and nice single family houses.

But why dumpy Lyon Village (just being honest) vs something lovely just a little further out? These high earners are no doubt driving to work anyway.

Hence my theory: invasion of the super rich FAANGs.

You don’t need a theory, we are telling you that it’s always been desirable. It seems like you are just learning about LV but it’s been relatively expensive compared to other Arlington neighborhoods for at least 15 years. We don’t think it’s dumpy, we like our neighbors who are of different ages and backgrounds and incomes.

But it hasn’t “always been desireable.” You have a very uninteresting point of view. And it is dumpy compared to other neighborhoods. It’s 1.5 mil max aesthetic. You’ll never convince me it’s $3 mil aesthetic.

If anything this conversation has actually given me an appreciation of historic districts lol.

You're clearly just trolling. People have told you why they like it and you're just all "LOL I don't get it, looks dumb on street view."

Literally nobody has spoken up here about liking it $3 mil worth.

Agree with PP. You're just trolling at this point.

As I've posted before, we do like it and did spend almost $3M to live here. Along with many of our neighbors:
https://www.redfin.com/neighborhood/1593/VA/Arlington/Lyon-Village/filter/sort=hi-price,min-price=2M,include=sold-5yr

Ours isn't even listed because we bought from a builder.

[Anonymous]

LV: IYKYK. OP does NOT know.

[Anonymous]

Anonymous wrote:I know a few work colleagues who live in Cap Hill, and they are similar to OP -- always a little too eager to tell about how great it is and dismissive of all other neighborhoods in the DMV. I am not really sure where this type of insecurity of Cap Hill folks comes from.

Not having bern pistol whipped snd their groceries stolen. When that happens, they are in a one way trip to LV if they can afford or any of the hood along Langston Blvd

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know a few work colleagues who live in Cap Hill, and they are similar to OP -- always a little too eager to tell about how great it is and dismissive of all other neighborhoods in the DMV. I am not really sure where this type of insecurity of Cap Hill folks comes from.

Again, I did not start this to argue the Hill is superior. I fully understand the variables that would lead to Arlington. It’s just that I specifically wonder about the $1.5 mil premium for Lyon Village. Does not make sense to me when much nicer neighborhoods are available at cheaper/same price.

I've always thought of the "big 3" walkable North Arlington neighborhoods as Lyon Village, Lyon Park, and Ashton Heights and Lyon Village is both a) closer to the commercial strip and the metro and b) zoned for better elementary and middle schools. I don't think LV is anywhere near a $1.5 million premium vs Lyon Park/Ashton Heights but it's definitely the most expensive of the three. I think all three trade at a premium to less walkable neighborhoods but it gets a bit muddled since many of the 22207 homes have larger lots, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LV commands a premium because in this area, you have people who can afford $3M houses but who still need to schlep downtown to work long hours every day. They want an easy commute, safe neighborhood and nice single family houses.

But why dumpy Lyon Village (just being honest) vs something lovely just a little further out? These high earners are no doubt driving to work anyway.

Hence my theory: invasion of the super rich FAANGs.

You don’t need a theory, we are telling you that it’s always been desirable. It seems like you are just learning about LV but it’s been relatively expensive compared to other Arlington neighborhoods for at least 15 years. We don’t think it’s dumpy, we like our neighbors who are of different ages and backgrounds and incomes.

But it hasn’t “always been desireable.” You have a very uninteresting point of view. And it is dumpy compared to other neighborhoods. It’s 1.5 mil max aesthetic. You’ll never convince me it’s $3 mil aesthetic.

If anything this conversation has actually given me an appreciation of historic districts lol.

DP here. You seem like you need a hug. So someone doesn't agree with you or sees things differently, so they are 'uninteresting'? Aren't you cute?!? Have you ever heard the saying "someone's trash is someone's treasure"? Well, I like my dumpy home that is newer (and not dumpy), on a very nice street (that is not dumpy), with wonderfully diverse neighbors, that is walkable to everything, in a good school district, and has increased in value year over year since I moved here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a few work colleagues who live in Cap Hill, and they are similar to OP -- always a little too eager to tell about how great it is and dismissive of all other neighborhoods in the DMV. I am not really sure where this type of insecurity of Cap Hill folks comes from.

Again, I did not start this to argue the Hill is superior. I fully understand the variables that would lead to Arlington. It’s just that I specifically wonder about the $1.5 mil premium for Lyon Village. Does not make sense to me when much nicer neighborhoods are available at cheaper/same price.

I've always thought of the "big 3" walkable North Arlington neighborhoods as Lyon Village, Lyon Park, and Ashton Heights and Lyon Village is both a) closer to the commercial strip and the metro and b) zoned for better elementary and middle schools. I don't think LV is anywhere near a $1.5 million premium vs Lyon Park/Ashton Heights but it's definitely the most expensive of the three. I think all three trade at a premium to less walkable neighborhoods but it gets a bit muddled since many of the 22207 homes have larger lots, etc.

I wanted to bring a bit of data to my claim that Lyon Village doesn't command a $1.5 million premium. I used Redfin to look at sales in each of these three neighborhoods over the past three years. Here are the average house size and price for each:

Lyon Village (131 sales): 2,967sf -- $1,575,000 -- $546/sf
Lyon Park (131 sales): 2,448sf -- $1,220,000 -- $490/sf
Ashton Heights (99 sales): 2,124sf -- $1,010,000 - $548/sf

I think another thing to note is that pretty much all of Lyon Village is uniform with larger houses whereas Lyon Park has some smaller houses east of Wash Blvd and Ashton Heights has a bunch of smaller duplexes near Wilson. If you exclude those areas the average price in Lyon Park jumps to $1,325,000 (2,529sf average) and Ashton Heights increases to $1,297,5000 (2,336sf). Lyon Village is still the most expensive but it's like a $250k premium rather than a $1.5m premium.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LV commands a premium because in this area, you have people who can afford $3M houses but who still need to schlep downtown to work long hours every day. They want an easy commute, safe neighborhood and nice single family houses.

But why dumpy Lyon Village (just being honest) vs something lovely just a little further out? These high earners are no doubt driving to work anyway.

Hence my theory: invasion of the super rich FAANGs.

You don’t need a theory, we are telling you that it’s always been desirable. It seems like you are just learning about LV but it’s been relatively expensive compared to other Arlington neighborhoods for at least 15 years. We don’t think it’s dumpy, we like our neighbors who are of different ages and backgrounds and incomes.

But it hasn’t “always been desireable.” You have a very uninteresting point of view. And it is dumpy compared to other neighborhoods. It’s 1.5 mil max aesthetic. You’ll never convince me it’s $3 mil aesthetic.

If anything this conversation has actually given me an appreciation of historic districts lol.

The only single family neighborhood in Arlington with historic designation is Maywood. Except for some new builds or recently renovated big homes, most houses are considerably less expensive than Lyon Village. If you cannot afford Lyon Village, it might suit you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a few work colleagues who live in Cap Hill, and they are similar to OP -- always a little too eager to tell about how great it is and dismissive of all other neighborhoods in the DMV. I am not really sure where this type of insecurity of Cap Hill folks comes from.

Again, I did not start this to argue the Hill is superior. I fully understand the variables that would lead to Arlington. It’s just that I specifically wonder about the $1.5 mil premium for Lyon Village. Does not make sense to me when much nicer neighborhoods are available at cheaper/same price.

I've always thought of the "big 3" walkable North Arlington neighborhoods as Lyon Village, Lyon Park, and Ashton Heights and Lyon Village is both a) closer to the commercial strip and the metro and b) zoned for better elementary and middle schools. I don't think LV is anywhere near a $1.5 million premium vs Lyon Park/Ashton Heights but it's definitely the most expensive of the three. I think all three trade at a premium to less walkable neighborhoods but it gets a bit muddled since many of the 22207 homes have larger lots, etc.

I wanted to bring a bit of data to my claim that Lyon Village doesn't command a $1.5 million premium. I used Redfin to look at sales in each of these three neighborhoods over the past three years. Here are the average house size and price for each:

Lyon Village (131 sales): 2,967sf -- $1,575,000 -- $546/sf
Lyon Park (131 sales): 2,448sf -- $1,220,000 -- $490/sf
Ashton Heights (99 sales): 2,124sf -- $1,010,000 - $548/sf

I think another thing to note is that pretty much all of Lyon Village is uniform with larger houses whereas Lyon Park has some smaller houses east of Wash Blvd and Ashton Heights has a bunch of smaller duplexes near Wilson. If you exclude those areas the average price in Lyon Park jumps to $1,325,000 (2,529sf average) and Ashton Heights increases to $1,297,5000 (2,336sf). Lyon Village is still the most expensive but it's like a $250k premium rather than a $1.5m premium.

I am an Arlington agent. May I use your data in my next mailing to Ashton Heights?

[Anonymous]

lol knock yourself out, it took me about 7 minutes using Redfin - they did all the math and everything for me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LV commands a premium because in this area, you have people who can afford $3M houses but who still need to schlep downtown to work long hours every day. They want an easy commute, safe neighborhood and nice single family houses.

But why dumpy Lyon Village (just being honest) vs something lovely just a little further out? These high earners are no doubt driving to work anyway.

Hence my theory: invasion of the super rich FAANGs.

You don’t need a theory, we are telling you that it’s always been desirable. It seems like you are just learning about LV but it’s been relatively expensive compared to other Arlington neighborhoods for at least 15 years. We don’t think it’s dumpy, we like our neighbors who are of different ages and backgrounds and incomes.

But it hasn’t “always been desireable.” You have a very uninteresting point of view. And it is dumpy compared to other neighborhoods. It’s 1.5 mil max aesthetic. You’ll never convince me it’s $3 mil aesthetic.

If anything this conversation has actually given me an appreciation of historic districts lol.

The only single family neighborhood in Arlington with historic designation is Maywood. Except for some new builds or recently renovated big homes, most houses are considerably less expensive than Lyon Village. If you cannot afford Lyon Village, it might suit you.

Do we know whether Maywood's historic designation means it'll be exempt from Missing Middle housing when the board rams that through?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LV commands a premium because in this area, you have people who can afford $3M houses but who still need to schlep downtown to work long hours every day. They want an easy commute, safe neighborhood and nice single family houses.

But why dumpy Lyon Village (just being honest) vs something lovely just a little further out? These high earners are no doubt driving to work anyway.

Hence my theory: invasion of the super rich FAANGs.

You don’t need a theory, we are telling you that it’s always been desirable. It seems like you are just learning about LV but it’s been relatively expensive compared to other Arlington neighborhoods for at least 15 years. We don’t think it’s dumpy, we like our neighbors who are of different ages and backgrounds and incomes.

But it hasn’t “always been desireable.” You have a very uninteresting point of view. And it is dumpy compared to other neighborhoods. It’s 1.5 mil max aesthetic. You’ll never convince me it’s $3 mil aesthetic.

If anything this conversation has actually given me an appreciation of historic districts lol.

The only single family neighborhood in Arlington with historic designation is Maywood. Except for some new builds or recently renovated big homes, most houses are considerably less expensive than Lyon Village. If you cannot afford Lyon Village, it might suit you.

Do we know whether Maywood's historic designation means it'll be exempt from Missing Middle housing when the board rams that through?

From the number of pro-missing middle signs in Maywood, there is not a chance that MM can be built in Maywood. Those gray haired, unkempt women know how to protect their investment while virtue signaling like a Saturday night whore.