Bramear Property Values are in for the first two months of 2010 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 January and February, only one Courtyard home sold. A Clarendon model. The numbers from that sale will be the average for this Courtyard Series report.
The average sales is price is down 5% since last report (November-December 2009), and stands at $300,000. Year over year, however, these Courtyard homes have seen a dramatic increase of nearly 28% in value.
If you are thinking of selling your Braemar Courtyard home, you really need to price to current market conditions. The sale that makes us the states for this report priced above the market and each price reduction only helped to play catch up. In terms of closing cost assistance to buyers, you can expect that you will be asked to pay approximately of 3% of the sales price, given this one sale as a generalization.
The next Braemar Property Value Report for Courtyard homes will be out in May. 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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