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Braemar Property Values: July-August 2015 (Courtyard Series)
Braemar Property Values:  July-August 2015 (Courtyard Series)
It's a rainy Monday here in Bristow, VA as I type up this Braemar Property Value Report for Braemar Courtyard homes.  At least there is no divine weather distraction to keep me from plugging along and doing  my market report for the day.  So without further delay, let's see what happened in the months of July and August to Braemar Courtyard home values.  If you don't know what a Braemar Courtyard home is,  let me bring you up to speed.  Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor spaces.  Models include the Arlington, Clarendon and Ballston.
Unlike last report where there were no sales of Braemar Courtyard homes, we saw four sales close between July and August.  There was at least one of each model making it to the settlement table.  The high sold price was $375,000.  The low sold price was $366,000.  When we average all the final sold prices together we arrive at our new average market value for Braemar Courtyard homes of $370,000.  While we don't have a comparison to last month, it does represent a 6% loss in average market value since ... more

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