Bramear Property Values are in for the months of November and December 2009 for the Courtyard Series homes. What's a Courtyard home? A Courtyard homes is one with nearly a zero lot line. They are five to a pipe stem, fully detached homes and have two car garges. Often referred to as "executive" homes, as they are ideal for folks that have no time, or want, for yardwork. Courtyard homes come in three models: Arlington, Clarendon and Ballston.
The Braemar Property Values for Courtyard homes are calculated by averaging the sales within the last two months. In the months of November and December, only one Courtyard home sold. An Arlington model. The numbers from that sale will be the average for this Courtyard Series report.
The average sales is price is up over 1.5% since last report, and stands at $315,000. Year over year, that's more than an 8.5% market value increase in twelve months!
If you are thinking of selling your Braemar Courtyard home, you can expect to have your home under contract, if priced to current market conditions, in a little more than five weeks time. You can also expect that, as buyers compete for the limited amount of inventory on the market, that you may not be asked to help a buyer pay for their closing costs. This has been a great side effect for sellers of the competitive situation buyers are finding themselve in.
The next Braemar Property Value Report for Courtyard homes will be out in March. Until then, you can find average sale prices online, dating back to the summer of 2005, by going to my website: www.nvarealestate.net. Simply click the link at the left for Braemar Property Value Report Online and scroll down to the Courtyard Series.
If you are thinking of buying or selling a Braemar home, please give me a call. No one knows Braemar better!
Chris Ann Cleland, Realtor, Licensed in VA, Long & Foster
703-402-0037, chrisann@LNF.com
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