The Fall chill in the air tells is it's time to look back at the last two month's of sales in the Courtyard Homes in Braemar. This gives us our bi-monthly opporunity to examine Braemar Property Values.
To being, let's explain what a Braemar Courtyard Series home is. 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 yard work. Courtyard homes come in three models: Arlington, Clarendon and Ballston.
Unlike the two prior reports, Braemar Courtyard homes saw two resales this reporting period. This brings the average market value to $355,000. That's over a 22% incraease since the same time last year.
What this tells prospective Braemar Courtyard home sellers is that if they placed their home on the market, priced to current market conditions, sellers coudl expected to be under contract within one month and that a Buyer may ask for 1.5% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in November. In the meantime, 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 Courtyard Series.
If you'd like to put your Arlington, Ballston or Clarendon home on the market, or are looking to buy one, give me a call. No one knows Braemar better!
Chris Ann Cleland, Realtor, Licensed in VA, Long & Foster