Braemar Property Value Report: July-August 2013 (Courtyard Series)
You’re probably enjoying the cool, sunny weather that Mother Nature has bestowed on us lately. And after reading how hot the Braemar Courtyard home market was in the last two months of summer, you may need to step outside and cool off. 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.
There were three resales of Braemar Courtyard homes in the last two months of summer. Oddly, they were are all Arlington models. The high sold price was $391,000. The low sold price was $350,000. The average of all three sales gives us our new average market value of $369,667 for Braemar Courtyard homes. That’s an increase of over 3% since last report and an increase of over 7% since last year. That’s great news for Braemar Courtyard homes that have seen values go up and down with sporadic sales activity.
If you placed your Braemar Courtyard home on the market, priced to current market conditions, you could expect it to be under contract in an average of a little less than two weeks. You could also expect a buyer for ask for an average of about 1.5% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in November and will detail sales from September and October. 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!
And if you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group. You can start any neighborhood conversation you like to there, be it promoting your own local business or just chatting about neighborhood events.
Chris Ann Cleland, Associate Broker-Licensed in Virginia, 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)
Heritage Series (mid-sized single family homes, Brookfield Homes)
NV Homes (single family homes built by NV Homes)
Ryan Homes (single family homes built by Ryan Homes)
Townhouse Report (traditional townhouses with small back yards)
Condo Quarterly (townhouse style condos)