Braemar Property Value Report: July-August 2013 (Heritage Series)
The pools are closed and the schools are back in session. Summer may be officially over, but certainly not forgotten. In this Braemar Property Value Report, we’ll take a look back at the last two months of summer and see how the Braemar Heritage Series home values fared. If you don’t already know, Heritage Series homes in Braemar are mid-sized single family homes built by Brookfield homes, with attached two car garages and include the following floor plans: Exeter, Yardley, Zachery and Waverly.
There were five resales of homes in the Heritages Series during the months of July and August. Not surprisingly, the majority were Yardleys, the most popular model in Braemar. The other two were Exeters. The high sold price was $475,000 and the low sold price was $400,000. The average of all five gives us our new average market value of $432,700 for Braemar Heritage Series homes. The represents a $225 increase in value since last report (not percentage worthy increase, but stability in value nonetheless) and less than a 1% increase in value since last year.
If you placed your Exeter, Waverly, Yardley or Zachery on the market, priced to current market conditions, you could expect it to be under contract in an average of nearly one and a half months. You could also expect a buyer to ask for an average of less than 1% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in November and will detail sales from the months of September and October. 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!
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 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)
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)