Braemar Property Values: September-October 2012 (Carriage Series)
I am so thankful that Braemar weathered Hurricane Sandy very well. Following the Braemar Residents Facebook group that evening, it seemed there were quite a few home owners puzzled by leaks in windows and so forth. It's hard to stop rain driving at your home horizontally at 50 mph. It's going to find a way in.
With September and October behind us, let's take a look back at the Braemar real estate market, specifically, Carriage homes. These are characterized by the lack of attached garage. Rather, it has a detached garage, if it has one at all Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home. The models, from smallest to largest, include the Maplewood, Norwood, Oakdale and Parkdale.
There were two Carriage homes that sold, both in September. The high sold price was $349,900. The low sold price was $284,900. The higher was an Oakdale with three finished levels, four bedrooms and two and a half bathrooms. The lower was a Norwood with two finished levels, three bedrooms and two and a half bathrooms. Their average becomes the new average market value for Braemar Carriage homes: $317,700. That's nearly a 6% decrease since last report, but over a 3% increase since last year.
If you placed your Braemar Carriage on the market, priced to current market conditions, you could expect it to be under contract in about two and a half weeks. You could also expect a buyer to ask for an average of 1.6% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in January and will detail sales from the last two months of 2012. Until then, if you are thinking of selling your Braemar Carriage home, give me a call for a free market analysis of your specific home's value. I've been a Braemar resident and full-time Bristow Real Estate Agent since 2005. I added the distinction of being a Short Sale Agent in 2007. No matter what your equity position, I can get your Braemar home sold for the maximum amount of money in the shortest period of time. And most importantly...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)
Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Townhouse Report (Garage & No Garage Townhomes)
Condo Quarterly (condos knowns as Barrhill at Inverness Village)