Braemar Property Values: July-August 2013 (NV Homes)
The chill in the fall air is something I can't seem to get enough of in Braemar this time of year. It's a close rival to the early summer smell of honeysuckles. I think I like whichever one best that I am experiencing at the moment. So now, that's fall.
This particular Braemar Property Value Report is the first of its kind, featuring sales in the Braemar comunity of single family homes built by NV Homes.m These are large single family homes in the community, with attached two car garages. Like most of the other Braemar Property Value Reports, it will come out every other month.
During the last two months of summer, July and August, five NV Homes sold within Braemar. The high sold price was $535,000. The low sold price was $410,000. The average of all five gives us an average market value of NV Homes in Braemar of $485,760. Even though this is the first installment of this report, I did go back and run numbers for the months of May and June 2013, and July and August 2012. Respectively, this means litte more than a 1% increase since the previous two months, but over a 5.5% drop in average market value since the reporting period last year.
If you placed your NV Home on the market, priced to current market conditions, this report indicates that you could expect it to be under contract in an average of about 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 the months of September and October. If you want to know your specific home's value in today's marketplace, call me for your free market analysis. I've been a full-time real estate agent and Braemar home owner since 2005. In 2007, I also added the distinction of being a Short Sale Agent. No matter what your equity position, I can get you the most money in the shortest amount of time when you sell your Braemar home. 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)
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)
Ryan Homes (single family homes built by Ryan Homes)
Townhouse Report (traditional townhouses with small back yards)
Condo Quarterly (townhouse style condos)