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Braemar Property Values: September-October 2011 (Carriage Series)
Braemar Property Values:  September-October 2011 (Carriage Series)
Only two more months left in 2011.  Where did the time go?  More importantly, how's the Braemar Carriage home resale market doing?  This Braemar Property Value Report will take a look back at resale of Braemar Carriage homes during the months of September and October and let us know.
For those unfamiliar with Carriage homes in Braemar, they are smaller single family homes with a detached garage, or no garage at all.  They include the following floor plans in order from smallest to largest:  Maplewood, Norwood, Oakdale & Parkdale.
There were two resales of Braemar Carriage homes in the previous two months.  Both were the homes with the smallest, Maplewood, floor plan.  Normally, we see very few Maplewoods on our Braemar Property Value Report, so the values are a little skewed.  The high sold price was $324,900.  Low sold price was $290,000.  The average of these two prices gives us our new average market value for Braemar Carriage homes of $307,450.  This means a decrease of over 9% since last report (July-August 2011) and over a 7% decrease since last year (September-October 2010.)  Again, these are numbers that should not terrify any Braemar Carriage ... more

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