Braemar Property Values: May-June 2015 (NV Homes)
Hope you all are enjoying your summer so far. It's been a fairly mild one, even though lately the typical heat and humidity have been taking over.
It is time for another Braemar Property Value Report detailing sales of NV Homes in our neighborhood. This particular report covers the sales from May and June. And only homes built by NV Homes.
There was only one sale of an NV Home in Braemar between May and June. It's sales price of $520,000 will be what we compare to last report's average market value and last year's average market value. Since both previous values were $550,000, that means values have gone down 5.5% since last report and last year.
If you placed your NV Home on the market, price to current conditions, you could expect it to be under contract in about a month and a half. You could also expect a buyer to request an average of 1% of the sales price in closing cost help.
The next Braemar Property Value Report will be out around late September and will detail sales from July and August. In the meantime, when you want to sell your NV Home, give me a call for a free market analysis of your home's specific value. 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. My favorite happenings are when a lost pet is reunited with its owner.
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)