Braemar Property Value Report: January-February 2013 (Heritage Series)
Driving through Braemar today all that’s missing are green lawns and trees, and flowers. The winter brown is still in full effect, but the sun is shining and the temperature is in the mid-sixties. Spring feels as though it has finally arrived.
With the first two months of 2013 behind us, we can take a look back at the Braemar real estate market and see how Heritage Series home values fared. Heritage Series homes 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 two Yardley style single family homes that sold between January and February. The higher sold price was $438,000. The lower was $365,000. Their average gives us our new average market value for Heritage Series homes of $401,500. This is nearly a 5.5% decrease in average market value since last report. However, the good news is that this represents nearly a 3% increase since last year.
If you placed your Exeter, Yardley, Zachery or Waverly on the market, priced to current market conditions, this report indicates you could expect it to be under contract in an average of ten days. You could also expect a buyer to ask for an average of 1.5% 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 interested in selling your Braemar home, call me for a free market analysis of your specific home’s value. 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 I can help you get your Braemar home sold quickly and for the maximum amount of money. 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 Systems.)