Braemar Property Values: September-October 2013 (Courtyard Series)
Seems the leaves in Braemar went from brilliantly colored last weekend to non-existent this weekend. That gorgeous fall color doesn't last long. And it seems fall is quickly turning into winter. Let's take a look back at the first two months of fall, September and October, and see what happened with Bristow Courtyard home sales and values. Of course, if you didn't know, Braemar Courtyard homes are any one of three different models that share a private courtyard driveway and have very small yards. Models include the Arlington, Ballston and Clarendon.
There were two sales of Braemar Courtyard homes in the last two months. They were both Arlington models. High sold price was $380,000 and the low was $321,000. A big difference that had a lot to do with one of the homes having an additional bedroom and an exit from the basement where the other didn't. This makes the average market value for a Braemar Courtyard home $350,500. That's a decrease of just over 5% since last report. And since there were no sales of Braemar Courtyard homes during the same reporting period last year, there is no year to year comparison.
If you placed your Braemar Courtyard home on the market, priced to current conditions, this report indicates it would be under contract in an average of just nine days. That is fast! You may also not have to pay any closing costs on behalf of the buyer. Both of the sales that happened in this report paid nothing in closing cost help. That's something that many buyers will do without in a market with little inventory and many buyers.
The next Braemar Property Value Report will be out in January and will detail sales from the last two months of 2013. 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!
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 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)
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)