Prince William County: Virginia's foreclosure capital

Prince William County (PWC) has the highest foreclosure rate in Virginia and by far the highest in the DC metro area. PWC has just over 133,000 homes and adding up years 2006-12 below there were over 17,000 foreclosures--which represents 13% of the housing stock in the county that was foreclosed on. Yikes.

Prince William Dept. of Finance Estimate of General County Revenue
http://www.pwcgov.org/government/dept/finance/documents/fy14-18%20proposed%20revenue%20book.pdf

From page 8 of the Prince William Dept. of Finance doc above:

"The following foreclosure statistics indicate the severity of the [foreclosure] crisis since 2006:

2006:........ 249 foreclosures
2007:.........2,805
2008:........ 6,412
2009:.........3,308
2010:.........2,083
2011:……....1,426
2012…….......959"


See

Why are Foreclosure Rates in Prince William County, the City of Manassas, and the City of Manassas Park High When Compared to Other Parts of the Washington, DC Metro Area?https://www.wm.edu/as/publicpolicy/documents/prs/prince-william.pdf


Washington Post - Prince William County real estate map
http://www.washingtonpost.com/wp-srv/realestate/features/2009/housing-review/property-values/prince_william.html

"Homes in some areas around Manassas lost half their value. In some places, though, falling prices triggered more sales."

January through December

Zip Code	'07 Total Homes Sold	'07 Median Purchase Price	'08 Total Homes Sold	'08 Total Homes Sold	Change in Median Price
20109	291	299,000	177	219,950	-7,9050
20110	405	335,000	1,007	175,000	-160,000
20111	278	364,950	549	180,000	-184,950
20112	404	520,000	232	440,282	-79,718
20136	630	445,653	351	385,000	-60,653
20137	8	392,500	2	272,500	-120,000
20143	8	871,580	8	968,000	96,420
20155	687	436,690	388	391,065	-45,625
20169	514	529,545	335	473,695	-55,850
20181	73	525,000	45	440,000	-85,000
22025	349	395,371	194	333,500	-61,871
22026	179	318,000	82	267,500	-50,500
22125	19	501,715	12	500,000	-1,715
22134	2	257,500	1	120,000	-137,500
22172	112	489,495	87	402,095	-87,400
22191	1,082	371,039	604	320,650	-50,389
22192	850	343,950	393	309,000	-34,950
22193	864	349,000	494	296,782	-52219
Total	6,755	390,000	4,961	300,000	-90,000

SOURCE: Full-value transactions as reported by Prince William, Manassas and .Manassas Park
CHART/MAP: Dan Keating and Gene Thorp - The Washington Post