Braemar Property Values: May-June 2016 (NV Homes)

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

Braemar Property Values:  May-June 2016 (NV Homes)

Another summer day in Braemar meant another hot and humid day for folks to enjoy the pools, or kids to chase Pokemon on their cell phones.  Though 2:00am last night/this morning seemed to be prime time for Pokemon catching on Tartan Hills Parkway.  Two young teens, maybe even tweens, standing in the Wynterhall Model by NV Homes in Braemarmiddle of the road.  Are Pokemon really that important?  I suppose they are important enough to be out at 2:30am.  

What's important to me is getting Braemar homes sold for my sellers and finding great homes for my Braemar buyers.  Right now, my job means putting out this edition of the Braemar Property Value Report that goes over sales of NV Homes between the months of May and June.  So let's get to it.

There were four NV Homes that sold between the beginning of May and end of June.  The high sold price was $572,000.  The low sold price, repeated twice this reporting period, was $485,000.  The average of all the sold prices gives us our new average market value for NV Homes in Braemar of $518,000.  That's just under a 7% decrease in average market value since last report, but less than 1/2 of 1% drop in average market value from this time last year.  The monthly drop shouldn't be overly concerning since two of those NV Homes that sold had unfinished basements and one had only a partially finished basement.  It's fair to say that most NV Homes that sell in the neighborhood, or at least last report, have finished basements.

 

If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in just under one month.  You could also expect to pay an average of about 1.5% of the sales price in closing cost assistance.

The next Braemar Property Value Report will be out in September and will detail sales from the months of 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!

 

 

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

 

 

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

These are nice homes and great neighborhoods.  If anyone needs representation, they need to call you Chris

Jul 26, 2016 12:01 PM #1
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

I don't understand why Pókeman Go is such an overnight hit and Ingress was such an underground game when they are both made by the same company and, in some instances, use the same street layout and portals.

As for the NV homes, is that a code for something?

Jul 26, 2016 12:02 PM #2
Rainmaker
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Garreth Wilcock
Sherlock Homes Austin - Austin, TX
Homes at Mueller

Nice info you have posted here, Chris! Good to kow about how Braemar Property values were lately.

Jul 26, 2016 08:54 PM #3
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for preparing and sharing this information.  It's most informative and perfect for buyers and sellers alike.

Jul 26, 2016 10:09 PM #4
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Chris Ann Cleland

Associate Broker, Bristow, VA
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