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

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

Hard to believe that the Fall season is upon us.  However, with the coming of Fall, we get a chance to look back at the resales of Braemar homes in the Hieirtage Series in the months of July and August.  Looking at those sales will give us the most accurate idea of our current market values.

Before we begin, let me start with an explanation of what a Heritage Series home is.  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.

The months of July and August saw two resales in the Heritages Series homes.  One a larger Waverly model, the other the smaller Exeter model.  The average of their sales prices brings our average propety values to $360,000.  that's a 6.4% decrease in average value since last report.  The good news is that year to year, there is very little change.  This shows our market has been stabilizing.

If you placed your Braemar Heritage Series home on the market today, and placed it to current market conditions, you could expect your home to be under contract in 30 days.  You would also expect a buyer to ask for an average of about 2% of the sales price in closing cost assistance. 

The next Braemar Property Value Report will be out in November.  Until then, you can change historical, average property values dating back to January 2005 by logging on to my website:  www.nvarealestate.net.  Simply click the link for the Braemar Property Value Report Online and scroll down to the Heritage Series. 

If you've been thinking of selling your Braemar home, Fall is a great time.  Our local market tends to see increased activity and an increase in sales prices.  Spring isn't the only market for Sellers.  So if you'd like to find out specifics on what to expect from putting your Yardley, Waverly, Exeter or Zachary model on the market, 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

These homes may have seen a decrease in value over the last two months, but the stability year to year is good to see.  Great report.

Sep 16, 2010 02:45 PM #1
Rainmaker
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Marie Haydock
Evergreen Global Homes & Land | RSVP Real Estate - Redmond, WA
Simplifying Real Estate

Nice update Chris Ann!  Seems like a very desirable community with sold market data like that.

Sep 16, 2010 02:51 PM #2
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Looks as if prices have stablized for the Heritage Series in Braemar.

Sep 16, 2010 11:27 PM #3
Rainmaker
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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Chris Ann - It's awesome that Braemar Heritage Series homeowners could put their home on the market and know that getting an offer in 30 days is possible.  Great information!

Sep 17, 2010 08:32 AM #4
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Anne:  Stable is good.  We saw so many decreases since the downturn that it's nice to be stable.

Sep 17, 2010 08:49 AM #5
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Marie:  The good news is that there is always sales activity in this neighborhood.  It's definitely sought after.

Sep 17, 2010 08:50 AM #6
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Cindy:  As I just told Anne, stable is good.  I'll take it.

Sep 17, 2010 08:50 AM #7
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Michelle:  Especially if they hire an agent that knows the neighborhood, and will do online marketing.  And in case that wasn't enough of a hint...that would be me.

Sep 17, 2010 08:51 AM #8
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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 02:05 PM #9
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA
Nov 07, 2010 04:12 AM #10
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Chris Ann Cleland

Associate Broker, Bristow, VA
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