Why has the value of my house decreased so muchWhy would the value of this house be down approx 23K this year, and other homes in the same area code are down approx 5K. I understand that the housing market has taken a hit but that seems a little much, or is the value of this area decreasing. Question refers to 5701 Lorieville Ln, Richmond, VA 23225September 17 200800YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.