Braemar Property Values: July-August 2013 (NV Homes)

By
Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470

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®

703-402-0037, ChrisAnn@LNF.com

 www.NVARealEstate.netwww.SellingBraemar.com

 

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) 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Virginia Prince William County Bristow Braemar
Groups:
City and State
Localism Success and Accountability Group
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
braemar listing agent bristow va
braemar realtor bristow va
braemar real estate agent bristow va
nv homes values in braemar bristow

Spam prevention
Show All Comments
Rainmaker
2,957,609
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It is funny how in spring when the temps hit 50 then 60 we celebrate by putting the windows down, going for a drive but in fall it hits the same temps, an im putting the heated seats on in the car. I think i would love fall if winter was not right behind it. 

Sep 18, 2013 11:36 PM #1
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Scott:  Winter in New Hampshire has got to be a bear.  Hang in there and enjoy the fall for now.

Sep 19, 2013 01:49 AM #2
Rainmaker
2,189,507
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Hey Chris Ann: I think you eat, sleep and breathe Braemar homes. What I find interesting is the seller subsidy as that is a component of an offer that I haven't seen lately on the West Coast.

Sep 19, 2013 02:03 AM #3
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Elizabeth:  It used to be much higher here, but the competition among buyers in Bristow has the subsidy going down.

Sep 19, 2013 07:53 AM #4
Rainmaker
2,772,130
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Chris Ann, Those are very interesting stats for NV homes in Braemar. It shows how agents who watch and track trends really know their markets. "a little more than 1% increase since the previous two months, but over 5.5% drop in average market value since the reporting period last year."

Sep 19, 2013 08:33 AM #5
Ambassador
3,079,566
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Kathleen:  The year to year drop surprised me since most homes in Braemar are seeing year to year increases.  I haven't quite figured out what that is about.  Maybe it's that the NV homes are older, or because they were more expensive, some chose not to have finished basements which are in huge demand.  Something's up.

Sep 19, 2013 12:08 PM #6
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,079,566

Chris Ann Cleland

Associate Broker, Bristow, VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention