Braemar Property Values: July-August 2014 (Carriage Series)
My favorite property types to report values for in our fair neighborhood of Braemar are the Carriage homes. 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.
Braemar Carriage homes have the most activity, outside of townhouses, in our market. In fact, as of the time of this report, I have two Maplewood Carriage homes listed for sale: 12443 Iona Sound Drive for $325,000 and 13790 Tartan Hills Parkway for $314,000. After reading this report, you will see they are among the best values in Braemar right now.
There were four Carriage homes that sold in Braemar during the months of July and August. There was one Norwood, one Oakdale and two Parkdales making up the solds. Their final sales prices ranged from $379,000 to $405,000. The average of all four sales gives us our new average market value for Braemar Carriage homes of $388,500. That represents over a 5% increase since last report and a 10% increase since last year.
If you placed your Braemar Carriage home on the market, priced to current conditions, this report indicates it would go under contract in an average of eight days. You could also expect a buyer to ask for an average of just under 1/2 of 1% of the sales price in closing cost help.
Braemar Day is September 27th from 12:30pm-4:30pm at Clareybrook Park. I will be there hosting a coloring contest and handing out reflective Halloween bags for the kids. Of course, I'm always around, even on Braemar Day, to answer your real estate questions.
The next Braemar Property Value Report will be out in November and will detail sales from September and October. 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)