Braemar Property Value Report: November-December 2013 (Courtyard Series)
Looking for something to warm you up on this bitter cold day? It is not often Braemar sees temps in the single digits or teens. Makes me happy to see the high of nineteen degrees.
This edition of the Braemar Property Value Report, focusing on Courtyard homes in Braemar should get your blood pumping. Before we start, let’s clarify what makes a home, a Courtyard home. Braemar Courtyard homes are any 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 two sales of Braemar Courtyard homes during the last two months of 2013. One was exactly what is described above, a Ballston floor plan off of a private courtyard drive. The other, however, was for an Arlington floor plan that the builder must have used as a model before construction started on the Courtyard home section of Braemar. It was located on a lot, just like any other single family home in Braemar, off of Gentle Shade. However, the price for your own driveway didn’t seem to make a big enough difference as the homes sold only $5,000 apart. The average of their sold prices gives us our new average market value for Courtyard homes of $384,000. That’s over a 9.5% increase since last report and over a 10.5% increase in average value since last year.
If you placed your Braemar Courtyard home on the market, priced to current conditions, this report indicates that it would be under contract in an average of about three and half weeks. You could also expect to pay an average of just under 1.5% of the sales price in closing cost assistance to the buyer.
The next Braemar Property Value Report will be out in March and will detail sales from the first two months of 2014. 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. 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)