The Brief
- A 22-acre family farm in Woodbridge, Virginia, was recently listed for sale at $50 million, far above its estimated worth of $2 million.
- Realtors say the move is a direct response to data center developers offering inflated prices for properties across the region.
- The listing agent plans to lower the initial asking price.
WOODBRIDGE, Va. – A family farm in Woodbridge recently hit the market for $50 million, even though it is only worth about $2 million, and one seasoned realtor told FOX 5 the move is a money grab aimed at data center developers.
If the property sells for an inflated price, it could change the housing market.
Data center boom driving up land prices
What we know:
Currently, the farm is listed at $2 million per acre. It’s part of a shifting sentiment on data center development in the region. …