These statistics, other than total dollar volume, are similar for the two counties. However, there were some differences. The number of transactions in both counties increased in the second through fourth quarters of 1997 and dropped rather precipitously in the first quarter of 1998. This may have been a seasonally related reduction. The difference in sales prices per square foot and OARs indicates that purchasers were willing to pay more for retail properties in Fairfax County.
Further monitoring is required to say for sure.
Of course not. The value of a particular center is influenced by a multitude of factors. Locational attributes - proximity to highways, condition and adequacy of road network, proximity to residential areas. Demographic Characteristics - population density of area, income levels, number of households, growth patterns. Competitive Position - tenant mix, number of competing centers, number of planned centers which represent future competition.