The Bristow, VA community of Braemar has seen an uptick in resale activity for larger homes (those in the Arista series). During the months of May & June 2009, four of these Braemar homes sold, three of which were Canterbury models. Canterbury models make up most of the larger homes in Braemar.
The average sales price for these large Braemar homes was $430,000 last report (March-April 2009), but has dropped slightly this report to $420,475. That's only a 2% drop, from the previous reports 6% gain. That still gives those large Braemar homes a net gain of 4% since the beginning of 2009.
These Braemar homes are selling much quicker. The average marketing time dropped over 62 days this report to 12 days!! That means if you put your large Braemar home on the market, priced to sell, you will likely have it under contract in less than two weeks!
If you are a Braemar seller, be prepared to give closing cost assistance to buyers. The average assistance we see this report is $8,295, or about 2% of the average sales price.
The next Braemar Property Value Report will be out in early September. Until then, if you would like to view average sale prices for Breamear homes dating back to 2005, you can visit my website: www.nvarealestate.net. Click the link for Braemar Property Value Report Online and the Arista Series numbers will be the first you see. It will look like this:
If you are thinking of selling your Braemar home, please give me a call. No one knows Braemar better!
Chris Ann Cleland, Realtor, Licensed in VA, Long & Foster
703-402-0037, chrisann@LNF.com
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