Braemar Property Value Report: January-February 2012 (Carriage Series)
Today was the first official day of daylight savings time. And what a lovely day it was in Braemar. Having the warmth of the sun for an extra hour certainly does make a difference. The spring real estate market has already seen some successes, so let’s take a look back at the first two months of the year and see what happened to property values in the Carriage Series.
For those unfamiliar, a Braemar Carriage home is characterized by the detached garage or parking spaces in the rear of the home. There are four types of Braemar Carriage homes and they include, from smallest to largest the following floor plans: Maplewood, Norwood, Oakdale and Parkdale.
There were three Braemar Carriage homes that sold during January and February. The high sales price of $355,000 came from an Oakdale model, while the low sold price of $297,000 came from a Norwood. The average of all three sales gives us our new average market value of $330,667. That’s slightly more than a 5% decrease since last report, but nearly a 12% increase since the first two months of 2011.
If you placed your Braemar Carriage home on the market, priced to current market conditions, this report indicates that your home would be under contract in an average time frame of under three weeks. You could also expect a buyer to ask for about 3% of the sales price in closing cost assistance.
The next Braemar Property Value Report detailing Carriage home sales will be out in May and will detail sales from the months of March and April. Until then, if you are thinking of selling your Braemar Carriage home, get in touch with me for a free analysis of your home’s specific value. Braemar Carriage homes are always in demand and I can help you sell yours quickly and for the maximum amount of money.
As a Braemar resident and full-time Bristow real estate agent since 2005, and a Short Sale Agent since 2007, I can help you no matter what your equity position. And remember, no one knows Braemar better!
Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)
You can see the most recent property values in Braemar by clicking the links below:
Arista Series(large single family homes built by Brookfield Homes)
Courtyard Series(executive style homes, five to a private driveway, Brookfield Homes)
Heritage Series(mid-sized single family homes, Brookfield Homes)
Braemar Townhouse Report (no garage and garage townhouses)
Condo Quarterly(condos known as Barrhill at Inverness Village)