Braemar Property Values: March-April 2015 (Heritage Series)
The spring real estate market in Braemar has been very busy. Buyers were out even before we were done with the cold and snow. In this edition of the Braemar Property Value Report, we will look back at the months of March and April and see what happened to values 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 nine sales of Heritage Series homes between March and April. That's three times more than there were last report. And more than half of those homes were Yardley models. Final sold prices ranged from $379,990 to $455,000. The average of all nine gives us our new average market value for Heritage Series homes of $419,988. While there was a lot of activity, that average represents a drop of over 4% since last report and a drop of over 2% since last year.
If you placed your Braemar Heritage Series on the market, priced to current conditions, you could expect it to be under contract in an average of about two months. You could also expect a buyer to request an average of about 1.5% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in July and will detail sales from May and June. Until then, when you are ready to sell, give me and call and let's talk about the value of your specific 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 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 small back yards)
Condo Quarterly (townhouse style condos)
Piggyback & Patio Quarterly (back to back townhouses and quad homes)
Reflection Quarterly (single family homes attached at the garage only)