Braemar Property Values: May-June 2013 (Courtyard Series)
There's something really depressing about a rainy weekend day in the summer. It puts a halt to folks going to the pool and doing other outdoor activities they waited the entire week for. What it doesn't do is keep folks out of our Braemar real estate market. And let me tell you, the Braemar Courtyard homes saw a lot of activity over the last two months.
In case you are unfamiliar, a Braemar Courtyard home is one of three different models that share a private courtyard driveway and have very small yards. Models include the Arlington, Ballston and Clarendon.
It is really not at all unusual to go into one of these property reports with only one sale report. It's also not unusual to have none. Courtyard homes make up such a small part of the overall Braemar community, that their sales aren't as common. However, we did see four sales of Braemar Courtyard homes over the months of May and June. The highest sold price came in at $370,000. The lowest at $331,000. The average of all four gives us our new average market value of a Braemar Courtyard home of $357,750. That's over 13.5% up since last report and up a solid 4% since last year.
If you placed your Braemar Courtyard home on the market, priced to current market conditions, this reports indicates that you could have it under contract in about two weeks. You could also expect a buyer to request an average of over 1.5% of the sales price in closing cost help.
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 home, give me a call for a free market analysis. I've been a Braemar resident and full-time Bristow Real Estate Agent since 2005. In 2007, I added the distinction of being a Short Sale Agent to my resume. No matter what your equity position, I can get your Braemar home sold as fast as possible, and for the most amount of money. And 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 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)
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Townhouse Report (traditional townhouses with small back yards)
Condo Quarterly (townhouse style condos)