Braemar Property Value Report: July-August 2014 (Heritage Series)
September has been a gorgeous month in Braemar. The weather has, for the most part, been fantastic–especially for Braemar Day. Nonetheless, I can’t wait to see the blaze of fall color that October will bring.
Right now, it is time to focus on the last two months of summer and what happened in the Braemar real estate market, relative to the 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 five sales of Heritage homes in Braemar during the months of July and August. Their sales prices ranged from $418,000 to $459,000. The average of all five gives us our new average market value for homes in the Heritage Series–$436,780. Unfortunately, that means nearly a 5% decrease in value since last report, but nearly a 1% increase in value compared to last year.
If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in an average of about one month. You could also expect a buyer to ask for about 1% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in November and will detail sales from September and October. 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. One of the best parts of the group is reuniting lost pets with their owners.
Chris Ann Cleland, Associate Broker-Licensed in VA
Top Producing Agent 2013 & 2011
Long & Foster REALTORS®, Manassas 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 back yards)
Condo Quarterly (townhouse style condos)
Piggyback & Patio Quarterly (back to back townhouses and quad homes)