Braemar Property Values: July-August 2013 (Carriage Series)
Thoughts are quickly turning to fall in Braemar. The pool is closed and school is back in session. Yet before we close the book completely on summer, let's look back at the last two months of it and see how the Braemar Carriage home values fared. Of course, if you don't know what a Braemar Carriage home is, they 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 five sales of Carriage homes in Braemar during the last two months of summer. Two Parkdales, two Norwoods and a Maplewood. The high sold price was $397,150 and the low sold price was $310,000. (That low was a Short Sale in not-so-great-shape.) The average of all five sales gives us our new average market value for Braemar Carriage homes of $353,340. That's a $160 dollar drop since last report, which in my eyes is nothing more than stability. However, compared to last year, Braemar Carriage homes increased over 4.5% in average market value.
If you placed your Braemar Carriage home on the market, priced to current market conditions, you could expect it to be under contract in a little over a month. You could also expect a buyer to ask for an average of a little less 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 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!
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:
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)
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)