Braemar Property Values: May-June 2014 (NV Homes)
Today was a much needed respite from the heat and humidity that are all too familiar to those of us who live in Bristow. Sweltering days. Thunderstorms in the late afternoon/evening. Not my favorite type of day. I love warm temps with a cool breeze and not a lot of humidity like we had in Braemar today.
NV Home values seem to be heating up this edition of the Braemar Property Value Report. These are home, simply put, that were built by NV Homes in Braemar.
There were three NV Homes that made it to settlement in May and June. Their final sale prices ranged from $500,000 to $590,0000. The average of all three gives us our new average market value for NV Homes: $550,000. That represents over a 14.5% since last report and nearly a 16% increase in average market value since last year.
If you placed your Braemar NV Home on the market, priced to current conditions, this report indicates you could expect it to be under contract in an average of 11 days. While that may have been true in May and June, July and August are among some of the slowest months of the year. Right now we are building inventory in Braemar. Now more than ever it's important to price right out of the gate. You could also expect a Buyer to ask for an average of less than 1% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in September and will detail sales from the months of July and August. Until then, if you want to sell your NV Home, give me a call for a free market analysis of your home's specific value. 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!
And if you haven't already, please join my new Braemar Facebook group: BRAEMAR (Bristow,VA.) You can find links to these reports and be involved in all kinds of neighborhood conversations.
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)
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)