Braemar Property Values: May-June 2012 (Arista Series)
In one day we swung nearly thirty degrees here in Braemar. Yesterday it felt like 104 degrees. Then, after a pretty big line of thunderstorms rolled through, we were down to 79. It's amazing to see that swing in a matter of hours. You may feel the same way after reading this Braemar Property Value Report for homes in the Arista Series. There is a big increase to report this period. As we look at the resale activity for these homes, we'll make comparisons to last report (March-April 2012) and last year (May-June 2011.)
FYI: Arista Series homes are the large single family homes built by Brookfield Homes and include the Allister, Buckingham and Canterbury floor plans.
First of all, we actually HAVE a sale to report for the Arista Series. Last reporting period, there had been none. This time around, with only one resale, it's sales price is what we will report as the average. That is going to skew things high this report, so don't get excited. That Canterbury had five bedrooms and five and a half bathrooms. It even had a fully finished basement. It listed for an aggressive $539,900, but sold for $516,500. While we have no comparison for last report, this is an increase in average market value of over 20% year to year. I'm sure when we see more sales next report, this increase will be drastically reduced.
If you placed your Canterbury, Buckingham or Allister model home on the market, priced to current market conditions, this report indicates that you could expect your home to be under contract in forty days. You could also expect a buyer to ask for an average of just over 2% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in September and will focus on sales from the months of July and August. Hopefully we'll be seeing more reasonable temperatures at that time. Until then, if you are thinking of selling your Allister, Buckingham or Canterbury home in Braemar, call me for a free market analysis of your home's specific worth in today's market. I've been a Braemar resident and full-time Bristow Real Estate Agent since 2005. I've also been a Short Sale Agent since 2007. I know the local market and how your home fits into it. 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:
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Courtyard Series (executive style home, five to a private driveway, 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)