Braemar Property Values are in for the first two months of 2010 for Heritage Series homes. What's a Heritage series home? That's easy. A Heritage Series home is one of the mid-size single family homes with attached garages, built by Brookfield Homes. They come in four models: Exeter, Zachary, Yardley and Waverly. Yardleys are by far the most commonly seen of the Heritage Series.
Braemar Property Value for the Heritage Series is an average of the sales for the two months prior. In this particular report, three Heritage Series homes sold, representing varying sizes and floor plans. And you'll see below that the average sales price, seller subsidy (closing cost assistance from seller to buyer) and average days on the market are listed for this report, last report and last year's report.
The average sales price this report is up over 8% compared to the last report , comprised of sales in November and December 2009. Meanwhile, year over year, Braemar homes in the Heritage Series have a much more dramatic increase of over 22% in value.
If you placed your Yardley model, or other Heritage Series home on the market, and priced it to current market conditions, you could expect to have it under contract in less than two weeks time. There is high demand in our market, and not enough inventory to meet that demand. Also, you could expect to pay less than 1.5% of the sales price in seller subsidy. As more and more buyers compete for fewer properties, they will make their offers more competitve by not asking for closing cost assistance, or asking for a very small amount.
The next Braemar Property Value Report will be out in May. Until then, you can check average sales prices dating back to 2005 on my website: www.nvarealestate.net. Simply click the link for Braemar Property Value Report Online and scroll down to Heritage Series for those mid-sized home figures.
If you are thinking of buying or selling a Braemar home, 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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