It's time for another Braemar Property Value Report, detailing the prior two months of resales of Carriage Series homes in Braemar.
What's a Carriage Series home? That's easy. These are single family homes with detached garages. (Of course, not all Carriage home have a garage. Some homes chose to have only asphalt where the garage would normally sit.) The models that make up the Carriage Series homes are: Maplewood, Norwood, Oakdale and Parkdale.
Braemar Property Values for the Carriage Series this report are an average of the past two months sales. In May and June there were three resales. All different models. This gives us a mix of smaller and larger Carriage Homes.
The average sales price is up this report to $319.000. That's an increase of 4.8% since last report. And year over year, the average sales price is up 10.6%. The Carriage Series homes in Braemar are seeing a very nice rebound this year. This is probably because demand for these homes has never waned. They are a great alternative to a townhouse.
If you put your Braemar Carriage Home on the market today, and priced it to current market conditions, this latest report indicates that you can expect to have your home under contract in a little over two weeks. You can also expect to pay an average of almost 1% of the sales price toward the buyer's closing costs.
The next Braemar Property Value Report will be out in September. Until then, I hope you take full advantage of Braemar's two pools to cool you off during the rest of the summer. And if you are interested in looking at average sale prices dating back to May/June 2005, visit my website: www.nvarealestate.net. Click the link on the left for Braemar Property Value Report Online and scroll down until you see the heading Carriage Series.
If you'd like to put your Braemar Carriage Home on the market, or buy one, give me a call. No one knows Braemar better!
Chris Ann Cleland, Realtor, Licensed in VA, Long & Foster