Braemar Property Value Report: November-December 2012 (Courtyard Series)
We’re one month into winter and still no snow in Braemar. Some of you may cheer at that, but not me. I love at least one good snow each winter and flurries don’t count. In my book, if it’s going to be cold, it may as well snow. Give me a change of scenery with a blanket of white on everything.
With 2012 behind us, we can take a look back at the Braemar Courtyard home values for the months of November and December. In case you are unfamiliar, a Braemar Courtyard home is one of three different models that share a private courtyard driveway and have very small yards. Models include the Arlington, Ballston and Clarendon.
There were three Braemar Courtyard home sales during the last two months of 2012. Two were Arlington models and one was a Ballston. The high sales price was $354,900, while the low was $340,000. The average of all three sales prices gives us our new average market value for Braemar Courtyard homes–$346,900. Since there were no sales during the previous reporting period of September-October 2012, we don’t have a report to report comparison on value. However, looking back to last year, the average market value of a Braemar Courtyard home is up nearly 5%.
If you placed your Braemar Courtyard home on the market priced to current market conditions, you could expect your home to be under contract in an average of about two months. One home was on the market for 150 days, another for 30 and one sold in 2 days! You could also expect a buyer to ask for an average of nearly 2.5% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in March and will detail sales from January and February. Until then, if you are thinking of selling your Braemar home, give me a call for a free market analysis. I’ve been a Braemar resident and full-time Bristow Real Estate Agent since 2005. In 2007, I added the distinction of being a Short Sale Agent to my resume. No matter what your equity position, I can get your Braemar home sold as fast as possible, and for the most amount of money. And remember, no one knows Braemar better!
Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
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)
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Braemar Condos (condos knowns as Barrhill at Inverness Village)
Braemar Townhouses (garage and no garage townhouses)