Braemar Property Value Report: January-February 2013 (Courtyard Series)
Braemar is bathed in sunshine today and I love it. I was worried that with all the overcast weather we’d had lately, we would hit daylight savings time and not even see the sun. Spring finally feels like it is here.
With January and February behind us, we can look back to those months and see how the Braemar Courtyard homes fared in terms of sales. 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.
Seems that a lot of the different series of homes in Braemar were in the same boat for January and February that the Courtyard homes often find themselves in. That is with one sale in a span of two months. For the Courtyard homes, the sale was an Arlington style home with four bedrooms, three and a half bathrooms and a fully finished basement. It listed for $324,900 and sold for $331,000. That $331,000 is now our average market value for Braemar Courtyard homes for the first two months of 2013. It represents over a 4.5% drop in average market value since last report, but over a 3% increase in average market value since last year. So overall, this is not bad news.
If you placed your Braemar Courtyard home on the market, priced to current market conditions, this report indicates that you could expect it to be under contract in about a month and a half. You could also expect a buyer to ask for nearly 3% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in May and will detail sales from March and April. 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®