Boroughs & Burbs, the National Real Estate Conversation

NOVA, the Real Estate Riches of Northern Virginia | Boroughs & Burbs Ep. 122

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In this episode of Boroughs & Burbs, John Engel and Roberto Cabrera welcome Laura Bean & The Shively Team of Douglas Elliman and Shari Gronvall of Compass to take us on a tour of Northern Virginia’s real estate market. NOVA isn’t just government contractors and defense spending — it’s one of the most affluent, diverse, and opportunity-rich regions in the U.S.

Part 1 – What Makes NOVA Unique

The conversation opens with an economic overview, where Laura and Shari describe how Northern Virginia has diversified far beyond the federal government. They highlight the influx of tech companies, data centers, and Fortune 500 headquarters that fuel job growth and anchor the market’s stability.

Part 2 – Neighborhood Spotlight

Next, the panel breaks down NOVA neighborhood by neighborhood. From Arlington and McLean with their proximity to D.C., to the vineyards and equestrian estates of Loudoun County, each submarket offers something distinct. The team emphasizes how buyers balance commute, schools, and lifestyle when choosing a community.

Part 3 – Lifestyle and Hidden Gems

The discussion shifts to quality of life. Beyond politics, NOVA boasts wineries, horse country, riverside living, and access to beaches. Shari points out how equestrian properties and estates attract high-net-worth buyers looking for both prestige and privacy.

Part 4 – Wealth and Market Metrics

John and Roberto note that three of the top 25 wealthiest U.S. counties are in Northern Virginia, making it one of the richest regions in the nation. The panel discusses price trends, demand drivers, and inventory—explaining why NOVA continues to outperform even during national slowdowns.

Part 5 – Forecast for 2024

The episode closes with market predictions. Laura and Shari share where they see opportunities for both domestic and international buyers, how interest rates and global capital flows might affect NOVA, and why this market remains resilient in the face of uncertainty.

 

Links & Social

  • Laura Bean & The Shively Team (Douglas Elliman) — Website • LinkedIn

  • Shari Gronvall (Compass) — Compass Profile • LinkedIn

    Hosts:

    • John Engel — Instagram • LinkedIn

    • Roberto Cabrera — Instagram • LinkedIn

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        Keywords:

        #NorthernVirginia #NOVA #DouglasElliman #Compass #ShivelyTeam #luxuryrealestate #wealthiestcounties #equestrianproperties #winecountry #boroughsandburbs #JohnEngel #TheEngelTeam #RobertoCabrera

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        Boroughs & Burbs, the National Real Estate ConversationBy John Engel and Roberto Cabrera
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