Braemar Property Values: September-October 2013 (NV Homes)

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

Braemar Property Values:  September-October 2013 (NV Homes)

Watching NV Home values is something I did when I first started these property reports in 2005, but I NV Home in Braemar, Bristow, VAsoon dropped the NV reports because the values seemed to bounce all over the place.  There was no consistency.  Perhaps it was the market, as it was on a steep dive.  We'll see.  This is the second report for sales of NV Homes in Braemar, and it is detailing sales from September and October. 

There was one NV Home that sold in the last two months.  It was a Remington model with four bedrooms, two and a half bathrooms and an unfinished basement.  It listed for $464,900 and sold for $465,000.  So being the only sale in the last two months, this sold price of $465,000 is our new average market value for NV Homes in Braemar.  That is over a 4% drop in average market value since last report.  And while there is no formal report for sales during September and October 2012, for the sake of comparison I did run them.  The current average value of $465,000 is up nearly 8% since last year.  

Braemar Property Values:  September-October 2013 (NV Homes)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in an average of about two weeks.  You could also expect a buyer to ask for an average of nearly 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in January and will detail sales from the last two months of 2013.  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.)

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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) 

 

 

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Rainer
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Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Wow, that's a fast market! Around here, buyers don't ask for concessions very often.

Nov 13, 2013 03:48 AM #1
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Selling homes in Braemar in 2 weeks is pretty fast, as I'm watching our days on market in Sacramento get longer and longer. Last spring homes were selling like hotcakes, but it's taking much longer now, so I am jealous of your fast moving market in Braemar!

//
Nov 13, 2013 04:07 AM #2
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Brad:  We are still seeing about 50% of the buyers asking for closing help, but not nearly as much as they were during the buyer's market.  It is not a given anymore that sellers will pay it.

Elizabeth:  I can't complain about the pace of our market.  The last listing I sold in Braemar I felt like 22 days to get it under contract was an eternity.  That was during August and that is our slowest month.  Everyone is on vacation.

Nov 13, 2013 04:17 AM #3
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Great market update, Chris!

It is slowing down in Los Angeles area too, but it depends on the price of course(  the high end houses are always slower, while entry level properties are still very hot and go under contract in hours with multiple offers)

Nov 14, 2013 04:54 AM #4
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Chris Ann Cleland

Associate Broker, Bristow, VA
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