Braemar Property Values: March-April 2016 (Ryan Homes)

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

Braemar Property Values:  March-April 2016 (Ryan Homes)

There has been a lot of activity in our Bramar real estate market in the last few months.  In this edition Victoria Model by Ryan Homesof the Braemar Property Value Report we will look back at the months of March and April and see what happened with respect to homes built by Ryan Homes.  

To begin with, there were six sales of houses built by Ryan Homes between March and April.  The low sold price was $417,000 and the high sold price was $499,000.  The average of all five sold prices gives us our new average market value for Ryan Homes of $440,150.  That marks more than a 1% increase in values since last report, but slightly more than a 4% loss in average market value since last year.   Please bear in mind that four of the five sales that occurred during this reporting period were smaller Ryan homes.

Braemar Property Values:  March-April 2016 (Ryan Homes)

If you placed your Ryan Home on the market, priced to current market conditions, this report indicates that you could expect to be under contract in an average of 79 days.    Again, two sales that occurred skew this number.   One home that sold in 244 days and another that sold in 126 days.  Those are way out of line with what you could normally expect.  It is more likely your home would be under in no more than three weeks.  Even that is a stretch if you are priced right and show well.  This report also shows that you could expect to pay an average of nearly 1.5% of the sales price in closing cost assistance to the buyer.

The next Braemar Property Value Report will be out in late July and will detail sales from the months of May and June. In the meantime, when you are ready to sell, call me for a free market analysis of your home's value in today's marketplace.  No One Knows Braemar Better! 

 

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Virginia Prince William County Bristow
Groups:
City and State
Localism Success and Accountability Group
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
braemar realtor bristow va
braemar real estate agent bristow va
braemar listing agent bistow va
braemar home values bristow va
braemar home prices bristow va

Spam prevention
Show All Comments
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Lots of activity is always nice to see Chris Ann Cleland  . We saw a great rush in spring, saw all those homes sell and now have a shortage to sell. 

May 26, 2016 11:29 AM #1
Rainmaker
1,654,733
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

You always do such a great job of keeping us up to date on what is going on in your market! I am sure that everyone around you relies on your market reports! 

May 26, 2016 12:33 PM #2
Rainmaker
3,978,839
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is hard to get a true average with so few comps, but it shows that properties re selling and for good prices

May 26, 2016 01:19 PM #3
Rainmaker
2,189,507
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Well, if four of the five Ryan homes in Braemar sold, then the average sales price means little if your home is much larger. But that's why you do the market reports for your area, Chris Ann, because you're got your finger on the pulse, and you point out these things.

May 28, 2016 09:55 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,079,616

Chris Ann Cleland

Associate Broker, Bristow, VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention