Braemar Property Values: January-February 2016 (NV Homes)

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Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470

Braemar Property Values:  January-February 2016 (NV Homes)

There is a sense of optimism in the air in Braemar.  The sun is shining.  The days are getting longer.  And 9713 Lennice Way went under contract in 2 days after hitting the market on March 18, 2016.finally, the warmer temperatures may be here to stay.  Looks like some rain is coming our way, so get out and enjoy this while you can.  

For now, it is time for another Braemar Property Value Report.  This one will detail sales of houses built by NV Homes in our neighborhood for the first two months of 2016.  So let's get to it.

There were two NV Homes that sold between January and February.  They were both Potomac models.  The high sold price was $550,000 and the low sold price was $520,000.  The average of both gives us our new average market value for NV Homes of $535,000.  That means an increase of nearly 9% in average market value since last report and an increase of over 7% since last year.   Does that mean your NV Home just went up 9% since the end of 2015?  No.  We are dealing in averages.  However, it is nice to see the averages going up.

Braemar Property Values:  January-February 2016 (NV Homes)

If you placed your NV Home on the market, this report indicates you could expect it to be under contract in an average of 134 days.  Remember, these homes were listed in the fall and wen through the holiday months before they sold.  We are in spring.  It's likely yours would sell as fast as this NV Home I just listed that went under contract in two days.  That is, you could expect results like that IF you got your property market ready and priced it right.  What you really could expect is to pay an average of 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Property Value Report will be out in late May and will detail sales from the months of March and April.  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!

 

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

 

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Rainmaker
3,975,096
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Now with spring and the inlux of more buyers we should see values continue to rise.

Mar 24, 2016 09:38 AM #1
Rainmaker
1,136,660
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Chris Ann Cleland - Sales in some of our communites are doing well but luxury is soft. I hope you see some heating up of the market now that it is Spring. Much Success!

Mar 24, 2016 09:49 AM #2
Rainmaker
2,923,992
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Nice job on your market reports Chris Ann Cleland , have a good Friday

Mar 24, 2016 11:16 PM #3
Rainmaker
2,189,147
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

It's good that sellers in Braemar have you, Chris Ann, to explain the value of fluctuating numbers, averages and medians, because that's not something people think about from day to day. In my area, I often have to explain why the median price has gone up by 8% but their Sacramento home might only have increaseed by 4%. It's all local. And like it's been said: nobody knows Braemar better than Chris Ann.

Mar 25, 2016 05:51 AM #4
Rainmaker
1,203,987
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Happy Spring Chris Ann Cleland Now is the time for Braemar buyers & sellers to jump in the market.

BTW Thanks for reblog of Deanna.  Will visit her shortly.

Mar 25, 2016 10:20 AM #5
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Chris Ann Cleland

Associate Broker, Bristow, VA
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