Braemar Property Values: July-August 2016 (Heritage Series)

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

Braemar Property Values:  July-August 2016 (Heritage Series)

When I was out and about around town yesterday, I noticed so much fall themed decor.  Seeing the rows and rows of pumpkins at plant nurseries definitely got me in the mood for the fall season.  Of course, before we get too far ahead of ourselves, let's take this chance to look back at the Braemar real estate market's performance in the last two months of summer.  This specific report will focus on sales in the Heritage Series.  Heritage Series Yardley in Braemarhomes, for those who may not be familiar, are the mid-sized single family homes, built by Brookfield Homes, with two car attached garages including the following floor plans:  Exeter, Yardley, Zachery & Waverly.  

There were four Heritage Series homes that sold between the beginning of July and end of August.  Three were Yardleys.  One was an Exeter.  The lowest sold price was $417,000.  The highest sold price was $480,000.  The average of all four gives us our new average market value for a Braemar Heritage home of $455,500.  If you remember from last report, most of the homes sold were the smallest floor plan, the Exeter.  Bear that in mind when I tell you that the average sales price is up nearly 6% since last report.  The size of the homes in the sample is always going to have influence on the average market value, though not anything too dramatic since there is only so much variation in home size within the Heritage Series.  The comparison to last year is that average market value is up over 8.5%.  Last year's sample had a lot of diversity, so I believe the year to year comparison is more accurate.

Braemar Property Values:  July-August 2016 (Heritage Series)

Chris Ann Cleland, Braemar Real Estate Agent, 703-402-0037If you placed Braemar Heritage Series home on the market, priced to current conditions, you could expect it to be under contract in an average of about one month.  You could also expect a buyer to ask for an average of just over 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in November and will detail sales from the months of September and October.  Until then, when you are ready to sell, give me and call and let's talk about the specific value of your Braemar home.  No One Knows Braemar Better!

 

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

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Rainmaker
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Chris Ann Cleland - great market report for the Heritage Series.  The DOM has been holding pretty steady year to year. I think 29 days is a pretty solid market for the seller!  Clients should enlist your help to navigate the market you know so well!

Sep 15, 2016 09:48 AM #1
Rainmaker
3,978,739
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Hey Chris...good report and a great area to represent clients.  They need to call you firts

Sep 15, 2016 10:16 AM #2
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Chris Ann Cleland Thank you for taking the time to prepare and share this vital information.  It's perfect for buyers and sellers! Hope you have a wonderful weekend!

Sep 15, 2016 11:07 PM #3
Rainmaker
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Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Another excellent market report by Northern Virginia's best agent. cheers cvc

Sep 16, 2016 01:05 AM #4
Rainmaker
2,189,507
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Looks like no matter what time of year it is, the Heritage models in Braemar are selling quickly. I would have thought May to June would sell faster, than July to August but I guess not.

Sep 16, 2016 05:33 AM #5
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Chris Ann Cleland

Associate Broker, Bristow, VA
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