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
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)