Braemar Property Values: November-December 2013 (Arista Series)
As a Braemar Arista Series home owner myself, I am always curious to know what is happening with my home's value. (Arista Series homes are the large single family homes built by Brookfield Homes and include three floor plans: Allister, Buckingham and Canterbury.) Before I even get to the numbers, let me say that this one makes me happy.
There were two sales during the months of November and December of Arista Series homes. Not surprisingly, both were Canterburys. The higher of the two sold prices was $530,000; the lower $500,000. The average of both, $515,000, is the new average market value for an Arista Series home in Braemar. This is nearly a 5% increase since last report. Year to year, who knows? There were no Arista Series homes that sold during this same period in 2012.
If you placed your Allister, Buckingham or Canterbury on the market, priced to current conditions, you could expect it to be under contract in an average of three weeks. And given the intense demand for homes, you may not have to give any closing cost help to a buyer.
The next Braemar Property Value Report will be out in March and will detail sales from the first two months of 2014. Until then, if you are thinking of selling your Braemar home, call me 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've also been a Short Sale Agent since 2007. I know our local market and how your home fits into it. 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:
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)
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)