Braemar Property Value Report: January-February 2014 (Carriage Series)

Braemar Property Value Report:  January-February 2014 (Carriage Series)

One of my favorite style of homes in Braemar are the Carriage homes.  Quaint is the word that comes to mind, particularly after a nice fresh snow.  And we’ve certainly had our fill of snow in Bristow this winter.  I know we are all ready for spring.  Of course, when we look at real estate values and try to glean where were are headed for spring, we look backwards.  And this Braemar Property Value is looking back to the first two months of 2014 in the Carriage Series.

Braemar Carriage homes, for those who may not know, are characterized by the lack of attached garage.  Rather, they have a detached garage, if they have one at all. Not all Carriage home buyers opted for the garage and instead, have a paved parking area in the rear of their home.  The models, from smallest to largest, include the Maplewood, Norwood, Oakdale and Parkdale.

It is always a special Braemar Property Report for me when I know I have sold one of the listings.  In this report, there were two Braemar Carriage homes that sold.  A three bedroom Norwood and a four bedroom Parkdale.  Though one was substantially larger (the Parkdale) there were only $7,000 separating them in sales price.  The Norwood sale at $378,000 (my listing) was the highest sold price for a three bedroom Braemar Carriage home since August 2007.  The average of the two sold prices gives us our new average market value for Braemar Carriage homes of $381,500.  That’s nearly a 9% increase in average value since last report and over a 26.5% increase since last year.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in an average of eighteen days.  You could also expect a buyer to ask for an average of just over 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in May and will detail sales from March and April. Until then, if you are thinking of selling your Braemar Carriage home, give me a call 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 can get your Braemar home sold for the maximum amount of money in the shortest period of time. And most importantly…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

2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com, www.NVARealEstate.net

 

Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)

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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)

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)