Braemar Property Value Report: September-October 2013 (Arista Series)
The trees are shedding their leaves in Braemar and sunset is coming around much earlier. It is most definitely fall. Of course, fall started back in September. Not officially, but I have always considered the day after Labor Day the first day of fall, since that is when Prince William County reconvenes public school. So with September and October behind us, we can look back to the real estate activity for Braemar.
In this report, we’ll take a specific look at resale in the Arista Series. Those are the large single family homes built by Brookfield Homes and include these three floor plans: Allister, Buckingham and Canterbury.
To start, there was only one Arista Series home that sold between September and October. It was a Canterbury with four bedrooms and three and a half bathrooms. It sold for its full list price of $491,000, which is our new average market value for Braemar Arista Series homes. Compared to last report, that is over a 6.5% decrease in average value. And there is no year to year comparison because there were no resales this same reporting period last year.
If you placed your Allister, Buckingham or Canterbury on the market, priced to current market conditions, this report indicates that you would be under contract in about a month and a half. It also prepares sellers for buyers asking for an average of nearly 1.5% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in January and will detail sales from the last two months of 2013. Until then, if you are thinking of selling your Braemar home, call me 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’ve also been a Short Sale Agent since 2007. I know our local market and how your home fits into it. 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:
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Courtyard Series (executive style home, five to a private driveway, 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)