A new sports arena?

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Will a Capitals and Wizards Arena affect Eclipse property values? The answer is yes and no! The answer for the near future is, no effect. Remember, this is not quite a done deal, but let’s assume that it will be agreed and finished within a few years. Meanwhile, there will be no major effect. When finished, it is likely to have a negative effect for Eclipse residents, with planned improvements unable to handle the Arena traffic adequately. This will be more than a football game every other Sunday for part of the year. There are a LOT of hockey and basketball games every week, and the Eclipse is close enough to be affected. The traffic will be terrific. This will have a negative influence on Eclipse residents and encourage folks to move out, whether owners or renters. Our Harris Teeter might become a favorite stop on the way to the Arena. And the entire Potomac Yard shopping center could become history. Imagine life without Total Wine.

Prospective buyers who personally experience excessive traffic when visiting an Eclipse unit for sale will have an easy decision: They will not come back for a second look. On the positive side, we wonder how many Capitals and Wizards fans are so devoted that they would choose to live near the arena at the Eclipse, rather than close to their place of work. Hhhhmmmm? Most folks still go to their office more times a week than they go to a sports event. So, a positive effect for the eclipse? Good luck. But the Arena will be nothing but a construction site for two or three years. Meanwhile, there will be a lot going on in our general area. The Virginia Tech complex and a multitude of planned improvements will be positives. Amazon and their associated improvements? Take a quarter out of your pocket and give it a flip. Heads or tails? While it is reasonably certain that a new Arena would have a negative effect on our Eclipse values, an approximate dollar amount will get lost in a multitude of other significant factors.

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YFiRE
Your Friend in Real Estate, LLC
Arlington, Virginia, USA