History of Burgundy Woods HOA
Establishment and Development: Burgundy Woods II, located in the Alexandria section of Fairfax County, was developed by NV Homes. Construction began in 2011 and was completed by 2013. This neighborhood is part of a broader trend in Fairfax County where community associations have become an integral part of suburban living, providing governance and maintenance for common areas and amenities.
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Governance: The Burgundy Woods II HOA is managed by a board of directors composed of three residents, which is typical for smaller, newer developments where resident involvement is encouraged to maintain community standards and manage community resources.
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Legal Framework: Like all HOAs in Virginia, Burgundy Woods operates under the Virginia Property Owners’ Association Act, which outlines the rights, responsibilities, and procedures for both the association and its members. This includes the enforcement of covenants, conditions, and restrictions (CC&Rs) that dictate community standards.
Demographics
General Fairfax County Demographics: While specific demographic data for Burgundy Woods alone isn’t readily available, we can infer trends from broader Fairfax County data:
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Population Growth: Fairfax County has experienced significant population growth, with a diverse demographic profile. The area around Burgundy Woods would likely mirror this trend, attracting young professionals and families due to its proximity to employment centers like Washington, D.C., and major tech firms.
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Income and Education: Fairfax County is known for its high median household income and education levels, with a large percentage of residents holding advanced degrees. This demographic might be reflected in Burgundy Woods, given its newer housing stock and community amenities.
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Housing and Household Characteristics: The area would likely have a high homeownership rate, with a mix of young professionals, families, and possibly some retirees seeking community living with less maintenance.
Real Estate Trends
Market Dynamics:
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Price Trends: Real estate in Fairfax County, including neighborhoods like Burgundy Woods, has seen consistent appreciation. According to recent data, the median home price in Fairfax County has been significantly higher than the national average, with properties in Burgundy Woods II likely following this trend due to its recent development and modern housing features.
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Sales Volume and Time on Market: The real estate market in Fairfax has been competitive, with homes selling quickly. Data from 2024 shows homes in Fairfax County selling in an average of 27 days, suggesting a strong demand which would likely apply to Burgundy Woods given its appeal to buyers looking for newer homes with HOA-managed amenities.
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Assessment Increases: Fairfax County has shown a pattern of increasing property assessments year over year, with significant jumps in recent years (e.g., an average increase of 6.97% in 2023). This would influence property taxes in Burgundy Woods, impacting the cost of living for residents.
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Future Outlook: With Northern Virginia’s housing market forecast for 2025 indicating stabilization in mortgage rates and a slight increase in inventory, Burgundy Woods might see sustained interest from buyers. The community’s managed environment and facilities could continue to drive demand, particularly among those valuing community lifestyle with less personal maintenance.
Conclusion
Burgundy Woods HOA in Fairfax County, Virginia, represents a modern take on community living with a history tied to the broader narrative of suburban development in the area. Its demographic makeup, while not specifically documented, would likely align with Fairfax County’s profile, featuring well-educated, affluent residents. Real estate trends indicate a robust market with potential for continued growth, influenced by Fairfax County’s economic and demographic factors. However, potential buyers and residents should also consider the implications of HOA fees and the regulatory environment of such communities when considering living in or investing in properties within Burgundy Woods.
Sources:
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Fairfax County Government websites for demographic and real estate data.
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Various real estate analysis platforms like Redfin and NeighborhoodScout for market trends.
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Community and HOA websites for specific community insights.
