Braemar Property Values: November-December 2014 (Heritage Series)
The phone has been ringing this January. Buyer's Agents are calling me asking if I have any Yardleys coming on the market. Hopefully the spring market will bring some mid-sized single family homes to the Braemar real estate market. Right now, in this edition of the Braemar Property Value Report, we'll look back at the last two months of the real estate market as it pertains to Heritage Series homes. 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 two sales of Heritage Series homes. One was an Exeter that sold for $419,000. The other was a Yardley that sold for $470,000. The average of both sales gives us our new average market value for Heritage Series homes of $444,500. That's an 8/10th of 1% decrease in average value since last report and last year.
If you placed your Heritage Series home on the market, priced to current conditions, you could expect it to be under contract in an average of just over a month and a half. You could expect a buyer to ask for an average of just over 2% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in March and will detail sales from January and February. Until then, when you are ready to sell and need 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. One of the best parts of the group is reuniting lost pets with their owners.
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)