Braemar Proerty Values for the beginning of the year, January-February 2010, are in for the Arista Series. The Arista Series consists of the large, single family homes built by Brookfield Homes and will be one of three models: Allister, Buckingham or Canterbury. If you have one of these models, this Braemar Property Value Report pertains to you.
Braemar Property Values were, once again, comprised of only one resale in the Arista Series in the last two months, so there was no averaging necessary. One resale means the average market value is the sale price of the one sale. Luckily, that one sale brings property values up from the prior report's (November-December 2009) average value. The sale for this report is a five bedroom Canterbury, with a fully finished basement. It sold for $410,000.
When looking back to last report, we see a 9.3% increase in average sales price. Year over year, we also have an increase of 1.2%. Though the year to year increase is small, it is still an increase. You have to start somewhere.
If you needed to sell your Canterbury, Buckingham or Allister model homes, and priced it to current market conditions, you could expect to have your home under contract in about a week. And judging from this report, you may not have to pay any closing cost assistance at all.
There is still heavy buyer demand in Braemar. A lot of that demand is likely coming from the move up buyer's $6,500 tax credit, set to expire April 30, 2010. So if you are thinking of selling while demand is hot, there is still time.
The next Braemar Property Value Report will be out in May. Until then, if you would like to view average sale prices for Breamear homes dating back to May & June 2005, you can visit my website: www.nvarealestate.net. Click the link for Braemar Property Value Report Online and the Arista Series numbers will be the first you see.
If you are thinking of selling your 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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