Braemar Property Values: September-October 2010 (Heritage Series)

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

With September and October behind us, it is time to look back at those two months for resale activitiy in Heritage Series homes in Braemar.  This will give us our current average Braemar Property Value for Heritage Series homes.

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 in Braemar.

This report, there was only one resale in the Heritage Series.  It was a Yardley with four bedrooms, three and a half bathrooms, built in 2003 with a fully finished, walkout basement.  It listed for $385,000 and sold for $350,000.  And since there were no other sales during September and October, this one value will be our new average.  That $350,000 average value brings the average sales price for Braemar Heritage Series homes down nearly 3% since last report.  And since last year, this is stable, considering there is only a 1/10 of a percent difference.

If you wanted to place your Braemar Yardley on the market, and priced it to current marekt conditions, you could expect your home to be under contract in less than one week.  The expectation of one day is a bit much.  And with the increased buyer demand for single family homes between $300,000-$400,000, you could also expect that you may not have to pay any of the buyer's closing costs.

The next Braemar Property Value Report will be out in January, and will detail sales for the months of November & December.  Until then, enjoy your holiday season.  And if you find that you, or someone you know, needs to sell their Braemar home, be it a Short Sale or a Regular Sale, please don't hestitate to 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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Pat Fenn
Marketing Specialist for CJ Realty Group/Cindy Jones Broker - Springfield, VA

Looks like the net take away on the Heritage series has improved since last year.

Nov 07, 2010 05:16 AM #1
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Pat:  Good point.  But since this is only reflective of one sale this period, I don't want to get too excited. 

Nov 08, 2010 02:15 AM #2
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
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Hey Chris Ann: Who comes up with the names for these models? I mean, I'm sure they did some kind of market research to determine that the name "Zachary" for example is likely to make buyers want to buy that home. Although I don't think I'd like the name Zachary. Yardley has that English thing going on, though. Oh, Yardley, will you please bring me my tea?

Nov 08, 2010 02:42 AM #3
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Elizabeth:  No idea.  My model has the similar English sound to it...Allister.  We almost named the stray cat we found after moving in Allister...but it sounded too uptight for the little guy.

Nov 08, 2010 02:53 AM #4
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Chris Ann-I'll follow Elizabeth's question with who comes up with the street names too?  We've exhausted all of the developers family members, historical figures and landmarks.  What is Iona Sound? 

Nov 08, 2010 09:52 AM #5
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Cindy: I just googled it and it's a body of water in Scotland.  There's a very Scottish theme going on in Braemar.

Nov 08, 2010 09:57 AM #6
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Anyone running around in kilts?

Nov 08, 2010 11:40 AM #7
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Not that I know of.  Though a high schoool friend of my husband's run a kilt shop.  I'm sure we Braemar residents could work some kind of deal.

Nov 09, 2010 01:32 AM #8
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Chris Ann Cleland

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