Loudoun County Real Estate Price Declines Vary Wildly by Zip Code

Depending on where you lived in Loudoun County in 2008, the value of your house could have changed as little as 5.5% or as much as 36%.  Here are some interesting observations from the data:

The 20164 zip code was heavily impacted by foreclosures and the dramatic drop in sales prices is reflective of that.  And while prices dropped 36%, the number of homes sold increased 100% (231 vs 116).

The newer zip code of Ashburn (20148) saw half as much decline as the older zip code (20147).

The South Riding area of Loudoun County (20152) held up the best during the year.

The 20176 zip code of Leesburg had a 26% drop in prices even though it contains the River Creek, Lansdowne and Raspberry Falls communities.

With Loudoun County Tax Assessments be mailed out in February, this data can be used as a baseline by homeowners to guage how accurate their 2009 assessments are.  It will not tell you exactly how much your specific subdivision or community has changed during the last 12 months but it will let you know if a further analysis is warranted. 

Loudoun County Sales Price Changes
by Zip Code
	Q4 2008	Q4 2007	∆
20147	$337,548	$408,300	-17.3%
20148	$447,405	$481,850	-7.1%
20165	$343,178	$424,317	-19.1%
20164	$197,371	$307,785	-35.9%
20176	$339,230	$461,002	-26.4%
20175	$365,502	$415,864	-12.1%
20152	$452,520	$478,875	-5.5%

 

Comments

[real state in philippines]

I definitely agree for what you observe,thank so much for this entry i learn some tips. Keep up the good work.

-stephen-

[real state in Philippines]

Your observation was really very interesting and very informative. Thanks for the information. I learned a lot.
I enjoyed reading it.

-filicity-

[Philippines Real Estate]

Awesome. I learned a lot. This information is very helpful. Keep posting.

[Tucson Foreclosures]

Hey thanks for sharing this. It's been a great help. Keep writing.

[Las Vegas Foreclosures]

Fantastic ! this is full of informative stuff. Keep it up.