Braemar Property Value Report: May-June 2013 (Heritage Series)
Braemar has been buzzing with activity since we hit spring. Our real estate market is hot, hot, hot…not unlike our hot summer days. In this report we’ll look at sales in the Heritage Series over the last two months. If you don’t already know, Heritage Series homes in Braemar are mid-sized single family homes with attached two car garages and include the following floor plans: Exeter, Yardley, Zachery and Waverly.
There were four sales in the Heritage Series in May and June. Two Yardleys, a Waverly and one Exeter. The high sold price went to the Waverly at $469,900. The low sold price of $415,000, went to one of the Yardleys. The average of all four sales gives us our new average market value of Braemar Heritages Series homes of $432,475. That’s up over 3.5% since last report and up over 2% since last year. Good, steady increases.
If you placed your Braemar Heritage Series home on the market today, priced to current market conditions, this report indicates it would be under contract in under two weeks. It also would not be out of the norm for a buyer to request an average of 1.5% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in September and will detail sales from the months of July and August. If you want to know your specific home’s value in today’s marketplace, call me for your free market analysis. I’ve been a full-time real estate agent and Braemar home owner since 2005. In 2007, I also added the distinction of being a Short Sale Agent. No matter what your equity position, I can get you the most money in the shortest amount of time when you sell your Braemar home. 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)
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)
Townhouse Report (traditional townhouses with small back yards)
Condo Quarterly (townhouse style condos)