Loudoun County assessments came out earlier this month and assessed values went down in most areas of the county. But did they go down enough for your area of the county?
This is the breakdown for the change in prices for the Ashburn area of Loudoun County. This analysis is for the 20147 and 20148 zip codes. It will show you the difference in values for homes sold at the end of 2006 versus the end of 2007.
Two different datasets were used: Homes sold in the month of December and homes settled between December 16th and January 15th. A complete explanation can be found in the first post of this series.
| Ashburn Market Value Analysis | ||||
| Under contract Dec 1 - Dec 31 | 2008 | 2007 | (+/-) | % change |
| All Ashburn | $433,324 | $507,273 | -$73,949 | -14.6% |
| 20147 | $419,218 | $478,606 | -$59,388 | -12.4% |
| 20148 | $451,142 | $572,515 | -$121,373 | -21.2% |
| Settled Dec 16 - Jan 15 | ||||
| All Ashburn | $427,966 | $490,195 | -$62,229 | -12.7% |
| 20147 | $395,073 | $454,611 | -$59,538 | -13.1% |
| 20148 | $479,363 | $575,048 | -$95,685 | -16.6% |
The average price of a house in the two zip codes of Ashburn went down a minimum of 12.4% during the past year. The 20148 zip code was down at least 16%.
Comments