Braemar Property Values: March-April 2016 (Carriage Series)

Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Braemar Property Values:  March-April 2016 (Carriage Series)

Even though we are enjoying some much needed sunshine today in Braemar, it is tempered with some rather threatening looking clouds in the sky.  Before the end of the day I have a feeling we are going to experience a thunderstorm.  Thank goodness our forecast has some consecutive days of sunshine Three Bedroom Carriage Home in Braemarstarting tomorrow.  

Right now, it is time for another Braemar Property Value Report.  This particular edition examines activity in the months of March and April for Carriage homes.  For those that may be wondering, Carriage homes are characterized by the lack of an attached garage. Rather, if they have a garage at all, it is detached and sits in back of the home.  The floor plans, from smallest to largest, are: Maplewood,  Norwood,  Oakdale and  Parkdale.

There were four Braemar Carriages homes that sold in March and April.  Three out of four were three bedroom models.  The low sold price was $340,000 and the high sold price was $405,000.  Averaging all four sold prices we arrive at our new average market value for a Braemar Carriage home of $367,375.  That marks over a 4.5% loss in average market value since last report and nearly a 4% loss in average market value since last year.  This does not mean that Carriage homes are slipping in value.  Our average this report is skewed by having mostly smaller Carriage homes that sold.

Braemar Property Values:  March-April 2016 (Carriage Series)

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in a little less than one month.  You could also expect to pay an average of 2% of the sales price in closing cost help to the buyer.  

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 your Braemar Carriage home, give me a call for a free market analysis.  I've been a Braemar home owner and full-time Bristow Real Estate Agent since 2005.  Getting your Braemar home sold for the maximum amount of money in the shortest period of time is what I do.  No One Knows Braemar Better!



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



Comments (3)

William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Chris have your finger on the pulse of this area and buyers would be smart to call you first

May 23, 2016 08:09 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Chris Ann Cleland - It is very interesting to hear some of the different terms used in other parts of the country...such as a carriage house. I never realized that is what that term meant. Very cool!

May 23, 2016 10:20 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

It makes sense that the increased numbers of smaller Carriage house sales in Braemar would reduce the median prices.

May 24, 2016 10:17 AM