Braemar Property Values: November-December (Ryan Homes)
It's hard for me to believe that January is almost over. Didn't we just celebrate the turn of the New Year. Goodness time flies. And who knew it would be so cold in Braemar this January? It is bone chilling. The good news is that the buyers don't seem to notice. They are out there looking, whether you realize it or not. And there were out in November & December too. Let's take a look and see what the year end activity meant to single family homes built by Ryan Homes in Braemar.
There were two sales of Ryan Homes in the last two months of 2013. The high sold price was $545,000 and that was of a Waverly with five bedrooms and three and a half bathrooms, not to mention a fully finished basement. The low sold price was $435,000--a Victoria model with four bedrooms, two and a half bathrooms and an unfinished basements. Very different homes, but when we average them, we get our new average market value for Ryan Homes in Braemar of $490,000. That average value represents a 6.5% increase in value since last report and over a 20% increase in value since last year.
If you placed your Ryan Homes property on the market, priced to current conditions, this report indicates it would be under contract in an average of just over one month. You could also expect to pay an average of 1/2 of 1% of the sales price in closing cost assistance to the buyer.
The next Braemar Property Value Report will be out in March and will detail sales from the last first months of 2014. Until then, 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)
NV Homes (single family homes built by NV Homes)
Townhouse Report (traditional townhouses with small back yards)
Condo Quarterly (townhouse style condos)