Braemar Property Values: July-August 2017 (Carriage Series)
For some reason, this doesn't feel like a holiday weekend to me. Maybe it is because I haven't fired up the grill and done the American classic holiday weekend meal--hot dogs and hamburgers. The sunshine outside today is certainly inviting me to come on out and enjoy.
Before I finish work and head for the grill, it is time for another Braemar Property Value Report. This one will focus on sales of Braemar Carriage homes in July and August. Braemar Carriage homes are characterized by the lack of an attached garage. When these homes have a garage, it is detached and sits in back of the home. The floor plans, from smallest to largest, are: Maplewood, Norwood, Oakdale and Parkdale.
There were four Braemar Carriage home sales in July and August. The details are below:
When we look at the six and twelve month average and median data, we see that sold prices are stable over the last year. What has gone up a bit in the six month median compared to the twelve month median is the closing cost help (seller subsidy.) Otherwise, marketing times have also been fairly predictable.
If you put your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in as fast as a week, or in an average of three weeks. You could also expect to pay somewhere between $4,700 to $7,000 in closing cost assistance. Of course, as you can see in the detailed sales above, sometimes buyers need more, and sometimes buyer don't need any.
The next Braemar Property Value Report will be out in November. Until then, if you want to know how the most recent sales of Braemar Carriage homes is affecting your homes value, give me a call at 703-402-0037. Since 2005, No One Knows Braemar Better!
Originally posted at SellingBraemar.com.
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