Braemar Property Value Report: May-June 2013 (Carriage Series)
Hope that everyone in Braemar is enjoying their summer. It’s been great pool weather. With the heat and humidity being nearly unbearable at times, where else would you want to be?
The spring real estate market took off like a rocket in Braemar and shows no sign of slowing down. And as always, the Braemar Carriage homes were in high demand. That’s what this report focuses on–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 six Braemar Carriages homes that sold during the months of May and June. The majority (three) were Oakdales. There were also two Norwoods and one Maplewood. The high sold price was $375,000 and the low sold price was $330,000. If you guessed that the low sold price was the smallest model, the Maplewood, you’d be wrong. I actually represented the sellers of the Maplewood and they sold for $345,000. Surprisingly, it was an Oakdale, one of the larger models that sold for $330,000. The average of all six sales gives us our new average market value of a Braemar Carriage home–$353,500. That’s a bearly measurable decrease since last report (a little over $1,000,) but nearly an 8% increase since last year.
If you placed your Braemar Carriage home on the market, priced to current market conditions, this report indicates that it would be under contract in about two and a half weeks. You could also expect a buyer to ask for an average of over 1/2% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in September and will detail sales from July and August. 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)