Braemar Property Values: July-August 2013 (Arista Series)
Fall is in the air. The temps are finally cooling and it won't be long before we see the foliage changing as we drive through Braemar. Of course, before we let the summer go completely, we still have an opportunity in this Braemar Property Value Report to see what happened in the real estate market those last two months of summer.
In this report, we'll take a specific look at resale in the Arista Series. Those are the large single family homes built by Brookfield Homes and include these three floor plans: Allister, Buckingham and Canterbury.
There were three resales in the Arista Series during the months of July and August. Not surprisingly, they were all Canterburys, the most popular of the three floor plans in the Arista Series. The high sold price was $544,000 and the low sold price was $515,000. The average of all three gives us our new average market value of $526,333. While we have no comparison to make to last report since no Arista Series homes sold in May and June, we do have a comparison to last year and it's amazing. Year to year, the Arista Series homes have increased in average value nearly 28%.
If you placed your Allister, Buckingham or Canterbury on the market, priced to current market conditions, this report indicates it would be under contract in less than one month. You could also expect a buyer to ask for an average of a little more than 1% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in November and will detail sales from September and October. Until then, if you are thinking of selling your Braemar home, call me 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've also been a Short Sale Agent since 2007. I know our local market and how your home fits into it. No one knows Braemar better!
And if you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group. You can start any neighborhood conversation you like to there, be it promoting your own local business or just chatting about neighborhood events.
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)
NV Homes (single family homes built by NV Homes)
Ryan Homes (single family homes built by Ryan Homes)
Townhouse Report (traditional townhouses with small back yards)
Condo Quarterly (townhouse style condos)