Individual County & City Real Estate Depreciation Rates (Arlington, Alexandria: sales, foreclose)

[mojo_1979]

Alexandria City............... -20%
Arlington County.............. -6%
Fairfax City.................. -19%
Fairfax County................ -24%
Falls Church City............. -18%
Fauquier County............... -28%
Loudoun County................ -25%
Manassas City................. -52%
Manassas Park City............ -46%
Prince William County......... -43%
Stafford County............... -36%

MRIS Statistics

[VRE332]

hey mojo you need to get out of your appartment before they short sell that place, and you're on the street.

[mojo_1979]

Originally Posted by VRE332

hey mojo you need to get out of your appartment before they short sell that place, and you're on the street.

VRE... what took you so long? I'm sitting on a cash downpayment that keeps growing as housing prices AND interest rates keep dropping. The news keeps getting better and better for the potential 2009 and 2010 homebuyers!!!

The neighbors may not like me too much when the find out that I paid half what they did in 2005 for an equivalent house, but such is life.

[VRE332]

but what happens if you move in, and all your neighbors foreclose at the same time. Then you got a vacant neighborhood

[DC Oldtimer]

I would really like to see data for Fairfax by area. What I am trying to assess is whether the fall has been essentially uniform across the county or is more the result of sharp decreases in some areas while other areas have been less affected. I can recall that after the first year of the Bubble Bursting, the County had the nerve to raise our assessment and tax even though selling prices here were supposedly going to hell in a supermarket basket. The total decline in our assessment since the peak has been a whopping 1.5%!

I cant wait to see our 2009 assessment.

[shakmanocha]

Hey Mojo,

Do you where I can get similar data for the city of Oakton in Fairfax county?

TKs

Originally Posted by mojo_1979

Alexandria City............... -20%
Arlington County.............. -6%
Fairfax City.................. -19%
Fairfax County................ -24%
Falls Church City............. -18%
Fauquier County............... -28%
Loudoun County................ -25%
Manassas City................. -52%
Manassas Park City............ -46%
Prince William County......... -43%
Stafford County............... -36%

MRIS Statistics

[Margery]

You can click on the link in the posting and it will take you to a site where you can get info by zip code.

[blossom4792]

Originally Posted by DC Oldtimer

I would really like to see data for Fairfax by area. What I am trying to assess is whether the fall has been essentially uniform across the county or is more the result of sharp decreases in some areas while other areas have been less affected. I can recall that after the first year of the Bubble Bursting, the County had the nerve to raise our assessment and tax even though selling prices here were supposedly going to hell in a supermarket basket. The total decline in our assessment since the peak has been a whopping 1.5%!

I cant wait to see our 2009 assessment.

I saw some zip code information recently, I think from zillow. My area (McLean 22102) had one of the smallest declines of the entire MD-DC-VA area - something like 6% - but don't quote me, not sure of exact timeframes, etc.)/

[tgbwc]

Originally Posted by Margery

You can click on the link in the posting and it will take you to a site where you can get info by zip code.

I did this.
What is interesting is that even though the avg. sales price compared to 2007 is down 16.5% in my zip, the number of units sold is up 38% and the avg. number of days on the market is down 56%.

[VRE332]

Originally Posted by tgbwc

I did this.
What is interesting is that even though the avg. sales price compared to 2007 is down 16.5% in my zip, the number of units sold is up 38% and the avg. number of days on the market is down 56%.

This data can be interpreted in 100 different ways.