The sunny spring days are making it hard to concentrate on work. Nonetheless, that is what I must do as it's time to roll out another Braemar Property Value Report detailing sales of homes in the Heritage Series from March and April. If you don't already know, Heritage Series homes in Braemar are mid-sized single family homes with attached two car garages and include the following floor plans: Exeter, Yardley, Zachery and Waverly.
During the months of March and April, there were five resales of Braemar Heritage Series homes. The high sold price was $440,000 from a Yardley with four bedrooms and three and a half bathrooms. The low sold price was $367,000 from an Exeter with four bedrooms and two and a half bathrooms. The averages of all five sales give us our new average market value for Braemar Heritage Series homes of $417,400. That's a 4% increase since last report and over a 17.% increase since last year.
If you placed your Braemar Heritage Series home on the market, priced to market conditions, you could expect it to be under contract in about one month. You could also expect a buyer to ask for an average of 1/2% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in July and will detail sales from the months of May and June. If you want to know your specific home's value in today's marketplace, call me for your free market analysis. I've been a full-time real estate agent and Braemar home owner since 2005. In 2007, I also added the distinction of being a Short Sale Agent. No matter what your equity position, I can get you the most money in the shortest amount of time when you sell your Braemar home. No one knows Braemar better!
Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155. To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com. Or you can visit her website: www.nvarealestate.net.
Header photos taken by Chris Ann Cleland.
The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.