Five years of home prices in Prince William County, Virginia:
Five years of home prices in Loudoun County, Virginia:
Five years of home prices in Fairfax County, Virginia:
Sorry, Arlington fans. You drew the short straw:
Tuesday, September 30, 2008
Zillow: Home Prices Falling in Northern Virginia
Zillow.com shows that after peaking in late 2005–early 2006, home prices have been falling in Northern Virginia over the past two-and-a-half years. Note that the prices shown are not adjusted for inflation.
Five years of home prices in Prince William County, Virginia:
Five years of home prices in Loudoun County, Virginia:
Five years of home prices in Fairfax County, Virginia:
Sorry, Arlington fans. You drew the short straw:
Five years of home prices in Prince William County, Virginia:
Five years of home prices in Loudoun County, Virginia:
Five years of home prices in Fairfax County, Virginia:
Sorry, Arlington fans. You drew the short straw:
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Why no Arlington graph?
ReplyDeleteI decided to stick with the counties because they represent larger geographic regions. So, no Arlington, Alexandria, or Fairfax City.
ReplyDeleteFor the record, prices in Arlington are not declining.
Oh, dammit! Arlington is a county, not a city. My bad.
ReplyDeleteNow I've added it.
Thanks James - it makes me sick to my stomach to see that, but I appreciate you including the graph. Maybe now with the Cap Hill turmoil Arl will fall, but im not holding my breath.
ReplyDeleteEven in mid-2003 when these graphs start, the prices had been climbing for a while.
ReplyDeleteI bought a house in 2000 (now sold), and even at that time we were wondering if we were buying at the peak of some sort of bubble. I have heard some say that it was the end of the .com bubble that threw a lot of people into real estate instead.
"James said...
ReplyDeleteFor the record, prices in Arlington are not declining."
Even 9 months ago, a statement like this and a graph (which is stunning when compared to the others by the way) would have provoked a firestorm of great rage and furious anger on this blog.
What happened? Is there now general acceptance for the once heavily mocked statement that "Arlington is different"?
Alternatively, does no one care anymore?
ReplyDelete"does no one care anymore?"
ReplyDeleteThese graphs show different areas declining at different rates. They are all declining.
As to your second post, it is pretty clear to anyone paying attention what is happening and at what speed, so there are less people responding what trolls post anymore.
Yeah, what about "not in my neighborhood, not on my street"?
ReplyDeleteOh wait, here's what's happening in my neighborhood.
"Oh wait, here's what's happening in my neighborhood."
ReplyDeleteThat sucks. I'd move.
What about McLean? It seems that the prices in McLean did not fall like the Fairfax county graph shows. Any idea?
ReplyDelete"I'd move."
ReplyDeleteI plan to do that in a few years when the prices double.
For those who haven't followed this story. The Army is moving 6,400 jobs to Mark Center at 395 and Seminary road.
They originally were moving these jobs to the boonies of Ft Belvoir but decided that the Alexandria location was better. It's on the border with Arlington.
This is on the other side of 395 from me so I won't see increased traffic.
There will be higher real estate prices in this area.
Mark Center is close to the value houses of Parkington, Fairlington, Parkfairfax, the barrios of 4 Mile Run (expect improvements there), and already pricey parts of Alexandria and Arlington.
The area's lower cost housing option, the aging Seminary Towers, will certainly get more expensive.
"I plan to do that in a few years when the prices double."
ReplyDeleteHahahahahahahahahahahahaha.....
"These graphs show different areas declining at different rates. They are all declining."
ReplyDeleteYep look at that trend in Arlington - what a bloodbath! Figure I got what, 70 maybe 80 years tops before I get down to 2004 prices? Boy, im glad I waited!!!