Braemar Property Value Report: September-October 2013 (Heritage Series)
Now that spring and summer are over the time to sell your Braemar home is over, right? WRONG! Fall is a great time to sell and this report tells the tale. This is a look back at sales in September and October of Braemar single family homes in the Heritage Series. Those are the mid-sized single family homes with two car attached garages including the following floor plans: Exeter, Yardley, Zachery & Waverly.
There were nine Heritage Series homes that sold over the last two months, and six of those are the ever popular Yardley model—that’s the mid-sized of the mid-sized single family homes that make up the Heritage Series. The high sold price was $466,000 and the low was $400,000. The average of all nine sales gives us our new average market value for Braemar Heritage Series homes of $433,333. That’s about a 1/10 of 1% increase since last report and a 7% increase in value since last year.
If you placed your Heritage Series home on the market, priced to current conditions, you could expect it to be under contract in an average of twenty days. You could also expect a buyer to ask for an average of 1% of the sales price in closing cost help. Some buyers may need none. Some may need more. This is simply a percentage of what the average seller subsidy was compared to the average sales price.
The fall has not stopped buyer demand for Braemar homes, but always thins the amount of competition you face as a seller. Fall and winter are a great time to sell.
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 want to know your specific home’s value, 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)