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Braemar Property Values: March-April 2014 (Carriage Series)

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Braemar Property Values:  March-April 2014 (Carriage Series)

Who could resist a white picket fence?In photographing a new Braemar Carriage home listing the other day, I think I finally realized what makes these homes so charming.  It's the white picket fence.  White picket fences surround the daydreams we have of perfect suburban homes.  The covered front porches, on the Carriage homes that have them, don't hurt either.  

It is time for another Braemar Property Value Report, looking back to the months of March and April 2014.  This particular report focuses on the vaule of Braemar Carriage homes. Carriage homes are characterized by the lack of an attached garage.  Rather, they have detached garages, if they have a garage at all.  Some Carriage home buyers opted to not have that detached garage, but an asphalt parking area instead.  The floor plans, from smallest to largest, are: Maplewood, Norwood, Oakdale and Parkdale.

Braemar Carriage HomeDuring the months of March and April, there were three Carriage homes that sold in Braemar.  The only floor plan that didn't see a sale was the Norwood.  Sales prices ranged from $259,799 to $400,000.  The average of all three gives us our new average market value for Braemar Carriage homes of $310,600.  That means over an 18.5% decrease in average values since last report, and and a decrease in average value of nearly 12.5% since last year.  Rest assured.  There is no reason to panic.  Two of the three sales were unusually low values.  The Maplewood that sold didn't have a finished basement and sold for $272,000.  The Oakdale that sold was a distressed sale in poor condition and also didn't have a finished basement. It sold for $259,799.  I expect to see large increases in average value next report to bring us back to that more consistent pricing we are used to in the Carriage home resale market.

Braemar Property Values: March-April 2014 (Carriage Series)

If you placed your Braemar Carriage home on the market, priced to current market conditions, you could expect it to be under contract in an average of 58 days.  Being out in the Chris Ann Cleland, Braemar Real Estate Agent, 703-402-00373market, I think the Maplewood marketing time was 133 days is throwing his off.  You'd be more likely to see your home under contract in 2-3 weeks.  This report also indicates that you could expect to pay an average of $4,000, or just under 1.3% of the average sale price, in closing cost help.

The next Braemar Property Value Report will be out in July and will detail sales from May and June. Until then, if you are thinking of selling your Braemar Carriage home, give me a call for a free market analysis of your specific home's value.  I've been a Braemar resident and full-time Bristow Real Estate Agent since 2005.  I can get your Braemar home sold for the maximum amount of money in the shortest period of time. And most importantly...No One Knows Braemar Better!

Feel free to join my neighborhood Facebook group:  BRAEMAR (Bristow, VA.)  Here you  will find links to these reports and my Braemar listings.  And you can start any neighborhood conversation you like to there.  Find babysitters, someone to mow the lawn, or help a lost pet find its way back home.  Come join your neighbors!

Chris Ann Cleland, Associate Broker-Licensed in VA

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.NVARealEstate.net

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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 You can see the most recent property values in Braemar by clicking the links below:

Arista Series  (large single family homes built by Brookfield Homes)

Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)

Heritage Series (mid-sized single family homes, Brookfield Homes)

NV Homes (single family homes built by NV Homes)

Ryan Homes (single family homes built by Ryan Homes)

Townhouse Report (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos) 

Piggyback & Patio Quarterly (back to back townhouses and quad homes)

Comments (4)

Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

Great presentation! Love the photos too.

May 17, 2014 07:46 PM
David Saks
Memphis, TN
Broker / Industry Analyst

Great information. Great report. Thanks for sharing. Have a fine day.

May 18, 2014 05:26 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I'd say you are correct about the white picket fences. I like them as well. They look like they are not made from wood. Are they?

May 18, 2014 10:21 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Anna:  Thanks.  

David:  I know the Braemar Carriage home owners respond to this report.

Elizabeth:  They are vinyl.

May 18, 2014 12:10 PM