Braemar Property Value Report: March-April 2014 (Carriage Series)
In photographing a new Braemar Carriage home listing the other day, I think I finally realized what makes these homes so charming. It’s the white picket fence. White picket fences surround the daydreams we have of perfect suburban homes. The covered front porches, on the Carriage homes that have them, don’t hurt either.
It is time for another Braemar Property Value Report, looking back to the months of March and April 2014. This particular report focuses on the vaule of Braemar Carriage homes. Carriage homes are characterized by the lack of an attached garage. Rather, they have detached garages, if they have a garage at all. Some Carriage home buyers opted to not have that detached garage, but an asphalt parking area instead. The floor plans, from smallest to largest, are: Maplewood, Norwood, Oakdale and Parkdale.
During the months of March and April, there were three Carriage homes that sold in Braemar. The only floor plan that didn’t see a sale was the Norwood. Sales prices ranged from $259,799 to $400,000. The average of all three gives us our new average market value for Braemar Carriage homes of $310,600. That means over an 18.5% decrease in average values since last report, and and a decrease in average value of nearly 12.5% since last year. Rest assured. There is no reason to panic. Two of the three sales were unusually low values. The Maplewood that sold didn’t have a finished basement and sold for $272,000. The Oakdale that sold was a distressed sale in poor condition and also didn’t have a finished basement. It sold for $259,799. I expect to see large increases in average value next report to bring us back to that more consistent pricing we are used to in the Carriage home resale market.
If you placed your Braemar Carriage home on the market, priced to current market conditions, you could expect it to be under contract in an average of 58 days. Being out in the market, I think the Maplewood marketing time was 133 days is throwing his off. You’d be more likely to see your home under contract in 2-3 weeks. This report also indicates that you could expect to pay an average of $4,000, or just under 1.3% of the average sale 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!
Feel free to join my neighborhood Facebook group: BRAEMAR (Bristow, VA.) Here you will find links to these reports and my Braemar listings. And you can start any neighborhood conversation you like to there. Find babysitters, someone to mow the lawn, or help a lost pet find its way back home. Come join your neighbors!
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)
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)
Piggyback & Patio Quarterly (back to back townhouses and quad homes)