Braemar Property Value Report: March-April 2013 (Carriage Series)
Before the calendar even flipped us into 2013, the Bristow-Gainesville real estate market was ramping up. By the time we rang in the new year, I was wondering if it could get anymore hectic when spring arrived. The answer? Yes. Our Braemar real estate market is making a lot of sellers very happy with the high buyer demand. That demand is always multiplied in the Carriage homes of Braemar. So without further delay, let’s take a look at what the last two months meant for resales in the Braemar Carriage homes.
In case you aren’t sure what a Braemar Carriage home is, Carriage homes are characterized by the lack of attached garage. Rather, it has a detached garage, if it has one at all Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home. The models, from smallest to largest, include the Maplewood, Norwood, Oakdale and Parkdale.
There were three Carriage home resales between the months of March and April. The highest sold price was $360,000. That was a four bedroom, three and a half bathroom Parkdale model. The lowest sold price was $350,00). That one was a Norwood with three bedrooms and two and a half bathrooms. The average of all three sold prices gives us our new average market value for Braemar Carriage homes of $354,667. That is up nearly 18% since last report. Unfortunately, because there were no resales in the same time period last year, we have no twelve month comparison.
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 less than three weeks time. Some are going under contract within a week or less. You could also expect a buyer to ask for an average of 2% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in July and will detail sales from May and June. Until then, if you are thinking of selling your Braemar Carriage home, give me a call 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. I added the distinction of being a Short Sale Agent in 2007. No matter what your equity position, I can get your Braemar home sold for the maximum amount of money in the shortest period of time. And most importantly…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)
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 home, five to a private driveway, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Townhouse Report (traditional townhouses with small back yards)
Condo Quarterly (townhouse style condos)