Braemar Property Values: May-June 2014 (Ryan Homes)
July started off pretty quiet, not counting the Fourth of July fireworks that screamed throughout Braemar. Of course, I am referring to home sales. The Braemar real estate market and surrounding Bristow and Gainesville seemed to be hitting their summer slump. Somewhere after the Fourth, all hell broke loose and I haven't had time to even think.
We'll see what happened in July later on. This Braemar Property Value Report will focus on resales of houses built by Ryan Homes in Braemar for the months of May and June.
There were two Ryan Homes that sold during May and June. The low sold price was $435,000 and the high was $465,000. The average of both gives us our latest average market value for Ryan Homes in Braemar of $450,000. That's a nice even number. Like getting an even $100 for a grocery bill. That number, however, represents nearly an 8.5% decrease in average value since last report and a 1% decrease in average value since this same time last year.
If you placed your Braemar property, built by Ryan Homes, on the market and priced it to current conditions, this report indicates you would be under contract in an average of one week. I would love to believe that was true right now, but the reality is that it does take a bit longer to sell the further we go into summer. The better news is that you are likely to get a buyer that doesn't need any closing cost assistance from you. Woo-hoo!
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 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. 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 new neighborhood Facebook group--BRAEMAR (Bristow, VA) where you will find links to this reports and other neighborhood discussions.
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 back yards)
Condo Quarterly (townhouse style condos)
Piggyback & Patio Quarterly (back to back townhouses and quad homes)