Braemar Property Values: March-April 2011 (Carriage Series)

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

Braemar is brimming with anticipation.  The pools will be opening soon and schools letting out for summer vacation.  But before we get lost in our summer daydreaming, let's take a look back at the resale activity for Carriage homes in Braemar during the months of March and April. 

As you may, or may not know, there are four models of Carriage homes in Braemarand they include the Maplewood, Norwood, Oakdale and Parkdale.  These homes are most notably distinguished by their lack of attached garage.  Some homes have a detached garage in the rear of the home, others do not.  At the time of construction, garages were an option, therefore an additional expense.

During the months of March and April, there were three Braemar Carriage home sales, each a different floor plan. The average of their sales prices gives us the average market value for a Braemar Carriage home of $325,000.  That's almost a 10% increase since last report(January-February 2011.)  Look back to last year's report, we see almost a 7% increase.  Of course, as Braemar Carriage homes have been in steady demand, even through the market downturn, this is not surprising. 

If you placed your Braemar Carriage home on the market, priced to current market conditions, you could expect to be under contract in about six weeks time.  You could also expect a Buyer to ask for an average of 1.7% of the sales price in closing cost help.

The next Braemar Property Value Report for carriage homes in Braemar will be out in July.  Until then, you can log onto my website:  www.nvarealestate.net, if you are interested in seeing average market values dating back to mid-2005.  Simply click the link for the Braemar Property Value Report Online and scroll down to the Carriage Series.

Naturally, if you are thinking of selling yoru Braemar Carriage home I'd be happy to give you an idea of your home's SPECIFIC market value at no charge.  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

703-402-0037, chrisann@LNF.com

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Other Braemar Property Value posts for the period of March-April 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)

Townhouse Report (townhouses separated into garage and no garage categories) 

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31 Days of May Challenge 2011
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Rainer
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Judy Klem
Transition Stage LLC - Shelton, CT
Home Staging, Senior Move Management, Fairfield/New Haven counties

Hi Chris Ann - Great lead in, and nicely written post for those looking to sell in this area.

May 12, 2011 08:31 AM #1
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Thanks, Judy.  I hate to do boring old market reports.  The information is useful to us, because we know what it means as agents.  Explaining what it means to a would-be seller is very helpful.

May 13, 2011 03:59 AM #2
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Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Chris Ann, Braemar is doing very well these days. Nice to see that!

May 13, 2011 11:27 PM #3
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Jackie:  It is nice to see.  The location and the school districts always keep this neighborhood in demand.  And we've got the new high school opening in the Fall that has got a lot of folks really excited.

May 14, 2011 04:30 AM #4
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Chris Ann Cleland

Associate Broker, Bristow, VA
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