The new year is here. And while we are already enjoying 2011, it is time to take a look back to the home sales activity for Courtyard Series homes in Braemar for the last two months of 2010. What's a Courtyard Series home? It's one of three different floor plans that share a private pipe stem driveway and very small yards. Floor plans include the Arlington, the Ballston and the Clarendon.
During the months of November and December, only one Courtyard home in Braemar sold. It was a Clarendon model with a fully finished basement. It's sales price of $340,000 becomes the average for this report as it was the only sale. And since there were no resales the prior reporting period of September and October 2010, the only comparison we can draw is to last year, which shows an 8% gain for Braemar Courtyard homes.
If you put your Braemar Courtyard home on the market and priced it to current market conditions, you could expect your home to be under contract in a little over five weeks. You could also expect a buyer to request up to 3% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in March. Until then, you can log on to my website: www.nvarealestate.net, for average property values dating back to mid-2005. Of course, if you are contemplating selling your Braemar Courtyard home, feel free to give me a call for your free, personalized market analysis. Remember, no one knows Braemar better!
Chris Ann Cleland, Associate Broker, Licensed in Virginia, Long & Foster REALTORS®