Braemar Property Value Report: September-October 2014 (Heritage Series)
Residents of Braemar are bracing for a long, cold winter. Seems those artic temps started much sooner than typical for the area. But what are they to expect of the Braemar real estate market? We can only glean information by looking at the recent activity. In this edition of the Braemar Property Value Report we’ll look back at the months of September and October to see what happened with sales 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 four Heritage Series homes that sold between September and October. Three were Yardleys, the other was an Exeter. The high sold price was $480,000 and the low sold price was $424,000. The average of all four is $448,200, which is our new average market value for Heritage Series homes. This is over a 2.5% increase since last report and nearly a 3.5% increase since last year.
If you placed your Yardley or other Heritage Series home on the market, priced to current conditions, you could expect to be under contract in an average of forty days. You could also expect a buyer to ask for an average of less than 1/2 of 1% in closing cost help.
Heritage Series homes remain popular with Bristow buyers and one advantage that the fall and winter markets give Braemar sellers is a place to truly get noticed among fewer competitors. There are plenty of homes that will hit the market come spring.
The next Braemar Property Value Report will be out in January and will detail sales from November and December. Until then, I hope you have a happy and healthy holiday season. And when you are ready to sell and need 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
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)