March is here and Spring fever is already beginning to hit Braemar. The days are getting longer and already we see more and more people getting out and about to walk, run or even bicycle. So with the first two months of 2011 behind us, we will take the opportunity to look back at the resale activity of Carriage Series homes in Braemar.
What's a Carriage Series home? That's easy. These are single family homes with detached garages. (Of course, not all Carriage home have a garage. Some homes chose to have only asphalt where the garage would normally sit.)The models that make up the Carriage Series homes are: Maplewood, Norwood, Oakdale and Parkdale.
Between the months of January and February there were two resales of Carriage homes in Braemar. Both were Norwood models. The average of their sales prices brings the avearage market of a Braemar Carriage home to $296,000. That's nearly a 2.5% decrease since last report (November-December 2010) and over a 3% decrease since January-February 2010.
If you placed your Braemar Carriage home on the market, and priced it to current market conditions, you could expect to have your home under contract in about a month and a half. You could also expect to pay an average of 1/2% of the sales price in closing cost assistance to the Buyer.
The next Braemar Property Value Report will be out in May. Until then, you can log on to my website, www.nvarealestate.net, if you are curious to see average market values for Carriage Series homes dating back to mid-2005. Simply click the link for the Braemar Property Value Report Online and scroll down to the Carriage Series.
Of course, if you are thinking of selling your Braemar Carriage home I'd be happy to give you a free, customized market analysis of your specific home's value. This report gives you an idea of value, but for an accurate assessment of your own home's value, give me a call. Remember, no one knows Braemar better!
Chris Ann Cleland, Associate Broker, Licensed in Virginia, Long & Foster
Other Braemar Property Value posts for the period of January-February 2011:
Arista Series (large single family homes built by Brookfield Homes)
Heritage Series (mid-sized single family homes built by Brookfield Homes)
Courtyard Series (executive style homes, five to a private entrance, built by Brookfield Homes)