Braemar Property Values: July -August 2010 (Courtyard Series)

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Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470

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.netClick 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

703-402-0037, chrisann@LNF.com

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Rainmaker
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Anne Clark
Metro Referrals - Gainesville, VA

Looks like these homes are back in demand.  Sad that none sold during the previous four months.

Sep 15, 2010 11:09 AM #1
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Anne:  It's a really unique buyer that wants a single family home, but virtually no lawn.  That's the issue with these homes.

Sep 15, 2010 11:22 AM #2
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

A nice jump in prices.  Surprising that nothing sold in May or June.

Sep 15, 2010 01:52 PM #3
Rainmaker
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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Chris Ann - Great information regarding property value for Braemar courtyard homes.

Sep 15, 2010 01:54 PM #4
Rainmaker
238,909
Pat Fenn
Marketing Specialist for CJ Realty Group/Cindy Jones Broker - Springfield, VA

Braemar is a wonderful neighborhood and glad to see the prices make a nice upward swing.

Sep 15, 2010 03:45 PM #5
Rainmaker
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Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Great jump in prices. Your DOM is good as well. I'm also surprised nothing sold in May or June.

Sep 16, 2010 12:51 AM #6
Rainmaker
403,509
Claudette Millette
The Buyers' Counsel - Ashland, MA
Buyer, Broker - Metrowest Mass

Chris Ann:

A Braemar home sounds like the perfect place for someone who wants a lovely home but not the yard work.  The price is right as well. These reports are so useful to anyone looking to sell or buy a Braemar Courtyard Home.

 

Sep 16, 2010 01:18 AM #7
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Wow, Chris Ann, your market appears to have dramatically improved in 2010 over 2009. We're seeing the opposite in Sacramento. Oh, and thanks for reblogging my post from the other day. I just now noticed. You home buyers and sellers in Braemar reading this -- call Chris Ann Cleland to do your short sale or list a home in Braemar. She's the best!!

Sep 16, 2010 03:21 AM #8
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Cindy:  No kidding.  These homes are definitely unique, and sometimes, hard to sell.

Michelle:  Thanks.  The recipients of the hard copy that live in these homes seem to think so.

Pat:  As a Braemar resident, I am thrilled to see the trend too.

Sep 16, 2010 01:02 PM #9
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Jackie:  These homes are what I call executive homes.  They have no yard and a give home shared driveway.  They have a very particular buyer, which isn't just any single family home shopper.

Claudette:  If I were single, this would be what I'd be looking for.

Elizabeth:  You're welcome.  You are very eloquent on the topic of short sales and say exactly what I'm thinking, but in a much nicer way.  Better to reblog your thoughts than my rants.  :)

Sep 16, 2010 01:04 PM #10
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

FOR INFORMATION ON BRAEMAR'S 2010 HALLOWEEN SPOOKTACULAR, CLICK THE LINK PROVIDED.

Oct 28, 2010 02:03 PM #11
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA
Nov 07, 2010 03:54 AM #12
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Associate Broker, Bristow, VA
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