Braemar Property Value Report: January-February 2014 (Courtyard Series)
One of the great things about a community like Braemar is the variety of houses available for buyers. Granted, not enough of them are currently on the market to meet buyer demand, but there are many different home styles in our neighborhood. This Braemar Property Value Report will focus on the first two months of 2014 in the Courtyard Series. 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 Braemar Courtyard homes that sold during our reporting period. Both were Arlington models. This means they are the first two homes in the courtyard and face the street. The high sold price was $405,000 and the low sold price was $385,000. The average of the sales gives us a new average market value for Braemar Courtyard homes of $395,000. That’s an increase of nearly 3% since last report and over a 19% increase since the same time last year.
If you placed your Braemar Courtyard home on the market, priced to current conditions, this report indicates it would be under contract in an average of just over one week. You could also expect a buyer to ask for an average of 2% of the sales price in closing cost help. While these Courtyard homes often lose buyers to homes with yards, the lack of available homes for sale makes this a great time to sell a Courtyard home.
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 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. 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)