Braemar Property Value Report: January-February 2014 (Heritage Series)
While out and about today, I heard someone say that Bristow is expecting another one to two feet of snow next week. In my mind I envisioned a Melissa McCarthy Identity Thief style punch to the throat of the person telling me this. Please, no more snow. I think all of us are ready for spring. The good news is that cold temps and snow storms didn’t keep Braemar buyers and sellers from doing business.
In this edition of the Braemar Property Value Report, we will look back at the first two months of 2014 and see how the Heritage Series homes in our neighborhood fared in value. Heritage Series homes, for those who may not be familiar, are the mid-sized single family homes, built by Brookfield Homes, with two car attached garages including the following floor plans: Exeter, Yardley, Zachery & Waverly.
There were three Heritage Series homes that sold in the first two months of the year. Two Yardleys and one Zachery. The sold prices ranged from a low of $424,900 and a high of $447,500. The average of all three gives us our new average market value of a Braemar Heritages home of $435,800. That represents almost a 3% loss in average market value since last report, but more importantly, nearly an 8% increase since this time last year.
If you placed your Braemar Heritage Series home on the market, priced to current conditions, you could expect it to be under contract in an average of about two months. You could also expect a buyer to ask for an average of about 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 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. 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
2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA
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)