Braemar Property Values: May-June 2011 (Courtyard Series)

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

A rollercoaster ride in Braemar would be fun, but not when it comes to home values.  Unfortunately, that's the ride that Braemar Courtyard home owners have been on since our market values declined.  And with May and June behind us, it gives us a chance to see if the Braemar Courtyard Home values have gone up or down since last report. 

Before we go any further, a Braemar Courtyard home is a one of three different models that share a private courtyard driveway and have very small yards.  Models include the Arlington, Ballston and Clarendon.

Having seen the prior two reports recording only one Braemar Courtyard home sale, it is nice to see three resales this report.  And oddly enough, we have one of each model represented in those resales.  The average of their three sale prices gives a new average market value for Braemar Courtyard homes of $320,333.  That's a 5% increase since last report (March-April 2011.)  Unfortunately there is no year to year comparison as there were no resales of Braemar Courtyard homes this time last year.  And that's not unusual for Braemar Courtyard homes.  They are a very small percentage of the overall Braemar neighborhood and attract a very specific buyer that can sometimes be hard to find.

If you placed your Braemar Courtyard home on the market, priced to current market conditions, you could expect to have it under contract in a little more than a month.  You could also expect a Buyer to aks for an average of nearly 2% of the sales price in closing cost assistance.

If you are looking to BUY, there is still a great deal in Braemar Courtyard homes in this listing off of Pentland Hills. It's a Ballston model in great shape and a healthy sale.  It's price has been reduced to $327,500!  It has three bedrooms, three and a half bathrooms, a nicely updated kitchen and a double decker composite deck...just to mention a few items.  You can see the listing for that Braemar Courtyard home by clicking this link.

The next Braemar Property Value Report will be out in September and will detail Braemar Courtyard home sales from July and August.  Until then, if you are thinking of placing your Braemar Courtyard home on the market, I am happy to consult with you regarding your home's specific value.  As a full-time Bristow real estate agent since 2005 and a Short Sale Specialist since 2007, I can help you get top dollar for your Braemar home no matter your equity position.  And remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, www.NVARealEstate.net, www.SellingBraemar.com

_______________________________________

Other Braemar Property Value Reports for the time period of May-June 2011:

 

Arista Series (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, built by Brookfield Homes)

Heritage Series (mid-sized single family homes built by Brookfield Homes)

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

Condo Quarterly (condos known as Barrhill at Inverness Village)

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Virginia Prince William County Bristow Braemar
Groups:
VIRGINIA
VA-RAIN
Localism Success and Accountability Group
Local Expert
HyperLocal Neighborhood and Community Posts
Tags:
braemar real estate agent bristow va
braemar courtyard homes for sale bristow va
braemar courtyard home values bristow va

Spam prevention
Show All Comments
Rainmaker
2,189,507
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

I think it's important to note that regardless of equity, Chris Ann, you are the qualified agent in Bristow to get these Braemar homes sold. 30 days is not a long time by any stretch to be on the market.

Jul 09, 2011 06:40 AM #1
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Elizabeth:  The 30 days is a number that goes up and down. These Courtyard homes in Braemar are truly for a unique buyer.

Jul 09, 2011 07:42 AM #2
Rainmaker
1,312,785
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Chris Ann, three home sales over one may not sound like a lot, but it's certainly headed in the right direction.  Your Braemar property values report is about the best I've seen, it's obvious you're the expert in your area.

Jul 09, 2011 03:10 PM #3
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Nick:  I've been putting these together in paper form since 2005.  I was so excited to add them to my blog.  Three sales is a lot for this particular type of of home over two months.  In about 3,000 homes, they make up maybe 100 or so.

Jul 10, 2011 04:41 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,079,566

Chris Ann Cleland

Associate Broker, Bristow, VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention