Braemar Property Values: March-April 2012 (Courtyard Series)
The grand opening of the Braemar pools is less than twenty-four hours away as I write this post. Bathing suit season is here, whether you are ready for it or not. The spring real estate market is chugging right along, whether you are ready for that or not too. Buyer demand in Braemar has been unreal and we'll see what it's done to Braemar Courtyard home values in this Braemar Property Value Report that reflects back on resales of Courtyard homes from March and April.
Courtyard homes in Braemar are characterized by their near zero lot lines and having five homes clustered around a private courtyard driveway. The floor plans include the Arlington, Ballston and Clarendon.
With such a small number of Courtyard homes in Braemar, it's not unusual to have reporting periods where we see no sales activity at all, or if we do see something sell, have it be one home. This time around, we have three resales to report. Two Arlingtons and a Ballston sold, all in the month of March. The high sold price was $349,900 and the low sold price was $320,000. The average of the three sales gives us our new average market value for Braemar Courtyard homes of $334,967. That's over a 4% increase in average market value since last report and nearly a 10% increase in average market value since last year.
If you placed your Braemar Courtyard home on the market and priced it to current market conditions, you could expect it to be under contract, on average, in about three months months. The Courtyard homes are a unique proposition and appeal to a very specific buyer. You could also expect to help a buyer with an over of about 1.5% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in July and will focus on resale activity from the months of May and June. Until then, know that the Braemar housing market is definitely seeing record demand, so if you've been thinking of selling, now is a great time. In fact, I'd be happy to provide a free market analysis of your specific home's worth in today's marketplace. I've been a full-time real estate agent and Braemar home owner since 2005. I've also been a Short Sale Agent since 2007. No matter what your equity position, I can get your Braemar home sold for the maximum dollar amount, in the shortest amount of time. No one knows Braemar better!
Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
You can see the most recent property values in Braemar by clicking the links below:
Arista Series (large single family homes built by Brookfield Homes)
Carrige Series (smaller single family homes with detached garages, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Braemar Townhouse Report (no garage and garage townhouses)
Condo Quarterly (condos knowns as Barrhill at Inverness Village)