Braemar Property Values: November-December 2016 (NV Homes)

By
Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470

Braemar Property Values:  November-December 2016 (NV Homes)

Tuesdays that feel like Mondays, following a three day weekend, always throw me off.  I'll feel like I am playing catch up all week on my paperwork, and believe me, there is a lot of in the world of real estate.  And then there are my market reports.  I am playing catch up on those today, after running out of time to post the NV Homes edition of the Braemar Property Value Report yesterday.  That's the report that Braemar NV Hometells you what happened with single family homes built by NV Homes in Braemar.  Let's get to it and see what happened in the last two months of 2016.

Only two NV Homes in Braemar sold between the beginning of November and end of December.  The high sold price was $545,000 and the low sold price was $409,900.   The former was a Remington model with four bedrooms, three and a half bathrooms and a fully finished walk-up basement.  It was also 3,136 square feet on the first two levels of the home.  The latter was a Raleigh model with one less full bathroom, no finished basement with what appeared to be no exit and only 2,600 square feet on the first two levels of the home.  These homes were very different.  The average of both gives us our new average market value for NV Homes in Braemar of $477,450.  That new average market value marks a decrease in average value of 9% since last report and a decrease of nearly 3% since last year.  Having said that, I feel it is important to note that most NV Homes are on the larger side, so these results this edition are being skewed by a smaller home.

Braemar Property Values:  November-December 2016 (NV Homes)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your Braemar NV Home on the market, priced to current conditions, it may take nearly four months to get a buyer.  I suspect that number will go down now that we are heading into spring.  You could also expect to pay an average of nearly 3% of the sales price in closing cost help for the buyer.

The next Braemar Property Value Report will be out in March and detail sales from January and February.  Until then, when you are ready to sell your Braemar home, give me a call.  Since 2005, No One Knows Braemar Better!

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

 

Originally posted at SellingBraemar.com.

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Virginia Prince William County Bristow Braemar
Groups:
City and State
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
2017 Market Trend Reports
Tags:
braemar real estate agent bristow va
braemar listing agent bistow va
braemar home values bristow va
braemar realtor bristow
recent home sales in braemar bristow va
braemar home prices bristow va

Spam prevention
Show All Comments
Ambassador
2,285,896
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Great market update for the Braemar real estate market.

Jan 17, 2017 11:17 AM #1
Rainmaker
1,409,001
Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

Nice report, Chris Ann Cleland and one that tells an interesting story. The market value decrease would not concern me too much with such a small sample size.

Jan 17, 2017 11:48 AM #2
Rainmaker
2,300,700
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Looking at your blog posts, I can see you know the Braemar property values, Chris Ann.

Jan 17, 2017 06:26 PM #3
Rainmaker
1,429,650
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Anyone who needs to buy or sell property in the Manassas Virginia area should contact Chris Ann Cleland.

Jan 19, 2017 05:16 AM #4
Rainmaker
1,930,990
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

As you know, the thing about averages and median values is the number of homes in the equation. You can't really have a median with only 3 homes because it will always be the middle home, LOL. Just like you really can't arrive at a usable average with only 2 homes. We need more inventory in most markets, wouldn't you agree, Chris Ann?

Jan 20, 2017 08:35 AM #5
Rainmaker
2,537,424
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Stopping by to say hello Chris Ann Cleland , hope you have a good Saturday

Jan 21, 2017 07:10 AM #6
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
2,873,457

Chris Ann Cleland

Associate Broker, Northern VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention