Braemar Property Values: May-June 2013 (Carriage Series)

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Braemar Property Values:  May-June 2013 (Carriage Series)

Hope that everyone in Braemar is enjoying their summer.  It's been great pool weather.  With the heat and humidity being nearly unbearable at times, where else would you want to be?  


The spring real estate market took off like a rocket in Braemar and shows no sign of slowing down.
 And as always, the Braemar Carriage homes were in high demand. That's what this report focuses on--Braemar Carriage homes. 

In case you aren't sure what a Braemar Carriage home is, Carriage homes 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 MaplewoodNorwoodOakdale and Parkdale.

There were six Braemar Carriages homes that sold during the months of May and June.  The majority (three) were Oakdales.  There were also two Norwoods and one Maplewood.  The high sold price was $375,000 and the low sold price was $330,000.  If you guessed that the low sold price was the smallest model, the Maplewood, you'd be wrong.  I actually represented the sellers of the Maplewood and they sold for $345,000.  Surprisingly, it was an Oakdale, one of the larger models that sold for $330,000.  The average of all six sales gives us our new average market value of a Braemar Carriage home--$353,500.  That's a bearly measurable decrease since last report (a little over $1,000,) but nearly an 8% increase since last year.

If you placed your Braemar Carriage home on the market, priced to current market conditions, this report indicates that it would be under contract in about two and a half weeks.  You could also expect a buyer to ask for an average of over 1/2% of the sales price in closing cost assistance. 

The next Braemar Property Value Report will be out in September  and will detail sales from July and August. 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®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.comwww.NVARealEstate.net

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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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 (traditional townhouses with small back yards)

Condo Quarterly (townhouse style condos)

Comments (7)

Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I've owned homes without a garage and homes with an attached garage and homes with a detached garage. I prefer homes with a detached garage. Like, what if a can of gasoline explodes? Better curb appeal without staring at a garage.

Jul 26, 2013 08:52 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Elizabeth:  I think I would prefer a detached garage too.  For the same reasons.  Better curb appeal and the safety aspect.

Jul 26, 2013 12:32 PM
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

Chris Ann-I like the "No One Know Braemar Better!" sign.  Much, much more effective than "neighborhood specialist".

 

Jul 26, 2013 03:39 PM
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Christine.   Interesting neighborhood report.  I did not know what a Braemar Carriage home was, but do now.  I like the look very  much.  

Jul 26, 2013 10:14 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Lloyd:  That is my motto.  And it's true.  Other agents even call me with Braemar questions.

Carol Ann:  Braemar Carriage homes are always in demand and would be a great investment property for someone entering the investment market.

Jul 27, 2013 08:33 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Chris Ann that is a fantastic market report for your area, I love the detail you put in your report. have a good night.

Jul 27, 2013 09:02 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Scott:  More reports coming soon.  Just need to get typing.

Jul 27, 2013 09:33 AM