It's hard to believe there are only two months left in 2011. Seems that Braemar real estate values turned a corner this year and that's great news. Let's take a look at resales of Braemar homes in the Arista Series for the months of September and October. These are the large single family homes, built by Brookfield Homes, that includes the following floor plans: Allister, Buckingham & Canterbury.
There were two resales during the months of September and October. The high sales price was a Canterbury (the largest model in the series) that sold for $487,000. The low sale price was an Allister at $435,000. The average of their two sales prices gives us our new average market value of $461,000. That's a 2% since last report (July-August 2011) and a 2% increase since last year (September-October 2010.)
If you placed your Allister, Buckingham or Canterbury model on the market today, priced to current market conditions, you could expect your Braemar home to be under contract in under two weeks. You could also have a buyer that did not need any closing cost assistance.
The next Braemar Property Value Report will be out in January and will cover the months of November and December. Until then, if you are thinking of selling your Braemar home, please give me a call for a free market analysis of your specific home's worth. As a Braemar resident and full time real estate agent since 2005, and a Short Sale Agent since 2007, I can help you sell your Braemar home for the most money in the least amount of time no matter what your equity position. Remember, no one knows Braemar better!
Chris Ann Cleland, Associate Broker, Licensed in Virginia, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)
You can see the most recent property values in Braemar by clicking the links below:
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Courtyard Series (executive style homes, five to a private driveway, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Braemar Townhouses (garage and no garage townhouses, not including patio homes)
Condo Quarterly (condos known as Barrhill at Inverness Village)