Braemar Property Values: May-June 2014 (Heritage Series)
Braemar home owners are definitely testing the limits of their A/C units lately. Temperatures have been in the high 90's, but that is what you would expect in July. And I'm sure there will be more of the same to follow in August.
Right now, it is time for another Braemar Property Value Report for homes in the Heritage Series. Heritage Series homes, for those who may not be familiar, are the mid-sized single family homes, built by Brookfield Homes, with two car attached garages including the following floor plans: Exeter, Yardley, Zachery & Waverly.
There were six sales of Heritage Series homes in Braemar during May and June. All but one were Yardleys, the most popular floor plan in the neighborhood. The oddball was a Zachery. The low sales price was $437,500 and the high sales price was $469,900. The average of all six gives us our new average market value for Braemar Heritage Series homes of $459,217. That represents nearly a 7% increase since last report and over a 6% increase since last year. Very good news.
If you placed your Yardley, or other Heritage Series home on the market, priced to current conditions, you could expect it to go under contract in an average of 25 days. You could also expect a buyer to request an average of about 1% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in September and will detail sales from July and August. Until then, if you want to know your specific home's value, call me for your free market analysis. I've been a full-time real estate agent and Braemar home owner since 2005. I can get you the most money in the shortest amount of time when you sell your Braemar home. No One Knows Braemar Better!
Come join my own Braemar neighborhood Facebook group: BRAEMAR (Bristow,VA.) I started the group as an easy way to disseminate these property reports, but you can start any neighborhood conversation you like there.
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)
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)