Braemar Property Values: July-August 2015 (Courtyard Series)
It's a rainy Monday here in Bristow, VA as I type up this Braemar Property Value Report for Braemar Courtyard homes. At least there is no divine weather distraction to keep me from plugging along and doing my market report for the day. So without further delay, let's see what happened in the months of July and August to Braemar Courtyard home values. If you don't know what a Braemar Courtyard home is, let me bring you up to speed. Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor spaces. Models include the Arlington, Clarendon and Ballston.
Unlike last report where there were no sales of Braemar Courtyard homes, we saw four sales close between July and August. There was at least one of each model making it to the settlement table. The high sold price was $375,000. The low sold price was $366,000. When we average all the final sold prices together we arrive at our new average market value for Braemar Courtyard homes of $370,000. While we don't have a comparison to last month, it does represent a 6% loss in average market value since last year.
If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in an average of about a month and a half. You could expect a buyer to ask for an average of 1% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in late November and will detail sales from September and October. Until then, when you are ready to sell your Braemar home, give me a call and let's get it done. No One Knows Braemar Better!
Feel free to join my neighborhood Facebook group, BRAEMAR (Bristow, VA.) You can start any neighborhood conversation you like to there. I started it as a place to easily spread the information from these property reports, but I love to see neighborhood interaction there. My favorite thing that happens there is reconnecting lost pets with their owners.
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)