Braemar Property Value Report: March-April 2014 (NV Homes)
Summer may not be officially here in Braemar, but it sure does feel like it with the Braemar pools having opened on Memorial Day weekend. I bet the kids just wiggle and squirm in their desks at school, itching to get and call the school year done. While the kids are looking forward to summer, we are looking backward. This Braemar Property Value Report is looking back to NV Home resales in Braemar in March and April.
During March and April, there were three NV Homes that were sold. Their final sales prices ranged from $460,000 to $500,001. The average of all three gives us our new average market value for NV Homes of $480,000. Since there were no NV Homes that sold last report, we don’t have a comparison to last report. However, I did pull the numbers for the same time period last year and there was only one that sold during this same period last year, and it sold for $464,900. If we used that value as our average, this report’s average would be over a 3% increase.
If you placed your NV Home on the market, priced to current conditions, this report indicates it would be under contract in about one month’s time. You could also expect a buyer to ask for an average of $1,000 in closing cost help. The reality is, only one of the three NV Homes that sold in March and April gave any closing cost 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 sell your NV Home, give me a call for a free market analysis of your home’s specific value. 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 haven’t already, please join my new Braemar Facebook group: BRAEMAR (Bristow,VA.) You can find links to these reports and be involved in all kinds of neighborhood conversations.
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)
Heritage Series (mid-sized single family homes, Brookfield 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)