Braemar Property Value Report: September-October 2013 (NV Homes)
Watching NV Home values is something I did when I first started these property reports in 2005, but I soon dropped the NV reports because the values seemed to bounce all over the place. There was no consistency. Perhaps it was the market, as it was on a steep dive. We’ll see. This is the second report for sales of NV Homes in Braemar, and it is detailing sales from September and October.
There was one NV Home that sold in the last two months. It was a Remington model with four bedrooms, two and a half bathrooms and an unfinished basement. It listed for $464,900 and sold for $465,000. So being the only sale in the last two months, this sold price of $465,000 is our new average market value for NV Homes in Braemar. That is over a 4% drop in average market value since last report. And while there is no formal report for sales during September and October 2012, for the sake of comparison I did run them. The current average value of $465,000 is up nearly 8% since last year.
If you placed your NV Home on the market, priced to current conditions, you could expect it to be under contract in an average of about two weeks. You could also expect a buyer to ask for an average of nearly 1% 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. 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)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Ryan Homes (single family homes built by Ryan Homes)
Townhouse Report (traditional townhouses with small back yards)
Condo Quarterly (townhouse style condos)