Braemar Property Values: May-June 2014 (Carriage Series)
It's time for another Braemar Property Value Report, focusing on homes in the Carriage Series. Before we get started, let's clarify was defines a Braemar Carriage home. Carriage homes are characterized by the lack of an attached garage. Rather, if they have a garage at all, it is detached and sits in back of the home. The floor plans, from smallest to largest, are: Maplewood, Norwood, Oakdale and Parkdale.
There were four Braemar Carriage homes that sold during the months of May and June. The low sales price was $360,000. The high sales price was $384,500 and happened to be my own listing. The average of all four gives us our new average market value for Braemar Carriage homes of $369,600. That's a 19% since last report, but we knew that was going to happen. There were two distressed sales that really were far out of line of the other property sales happening in the neighborhood. More importantly, this is over a 4.5% increase since last year.
If you placed you Braemar Carriage home on the market, priced to current conditions, this report indicates that you would be under contract in an average of twelve days. I suspect that number is going to increase next report since we have hit the summer months when our market naturally seems to slow down due to vacations. You could also expect to give closing cost assistance, amounting to an average of about 1% of the sales price, to the buyer.
The next Braemar Property Value Report will be out in September and will detail sales from July and August. Until then, if you are thinking of selling your Braemar Carriage home, give me a call 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 can get your Braemar home sold for the maximum amount of money in the shortest period of time. And most importantly...No One Knows Braemar Better!
Feel free to join my neighborhood Facebook group: BRAEMAR (Bristow, VA.) Here you will find links to these reports and my Braemar listings. And you can start any neighborhood conversation you like to there. Find babysitters, someone to mow the lawn, or help a lost pet find its way back home. Come join your neighbors!
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)
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 back yards)
Condo Quarterly (townhouse style condos)
Piggyback & Patio Quarterly (back to back townhouses and quad homes)