From the Washington Examiner:
"Real estate assessments for Arlington County’s single-family homes dropped an average of 1.25 percent for 2008, officials said last week, but numbers show the county’s real estate picture is all about location.Read the article for neighborhood info.
“The changes that have occurred in the real estate market many times are isolated to neighborhoods, types of properties and even price categories,” said Thomas Rice, the county’s director of real estate assessments. “We’re seeing the downward shift with properties at the lowest end of the price spectrum.”
The northern tip of the county was the only area to see values increase, according to 2008 figures."