Braemar Property Value Report: March-April 2014 (Heritage Series)
Memorial Day weekend 2014 has been fantastic in Braemar. I took a walk the other day and loved the smell of the hot dogs and hamburgers wafting through the air. Of course, I’ve been working most of the weekend, but I’m hopeful the weather will continue to be as perfect tomorrow when I get my down time.
Right now, it is time for another Braemar Property Value Report detailing sales of Braemar homes in the Heritage Series. 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 Yardleys that sold in March and April. Yardleys are the most prevalent of the Heritage Series homes in Braemar. Their sale prices ranged from $388,500 to $458,233. The average of all three gives us our new average market value for Braemar Heritage homes of $429,578. That’s nearly a 1.5% decrease in value since last report, but an increase of 3% since last year. Heritage Series values are stable.
If you placed your Yardley, or other Heritage Series home on the market, priced to current conditions, you could expect it to be under contract in an average of under three weeks. You could also expect to assist a buyer with an average of 2/10th of 1% of the sales price in closing cost help. Seems the bigger the house, the less we are seeing closing cost assistance. First time buyers are still in need, but move up buyers, like those purchasing Heritage Series homes are able to compete for homes by not asking for that help.
The next Braemar Property Value Report will be out in July and will detail sales from May and June. 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!
Come join my own Braemar neighborhood Facebook group: BRAEMAR (Bristow,VA.) I started the group as an easy way to disseminate these property reports, but you can start any neighborhood conversation you like there.
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)
Piggyback & Patio Quarterly (back to back townhouses and quad homes)