Braemar Property Value Report: March-April 2015 (Arista Series)
When we first entered spring, I don’t know about you, but I thought I might have lost a couple of trees and some flowers in my garden due to the brutal winter temps. There were some late bloomers, but they all made it and are now coming out in vibrant color. It’s so nice to see Braemar in bloom.
Right now, we’re going to look back to the start of the spring market in the Arista Series, which are the larger single family homes built by Brookfield Homes and includes the Allister, Buckingham and Canterbury models. This report will cover the months of March and April.
There were two Canterburys that sold, both in April. One sold for $506,000, the other for $573,000. The difference is in the amount of space, finishes and location within the community. The average of the two sales gives us our new average market value of Arista Series homes of $539,500. That average value is down over 1.5% since last report, but up nearly 3% since last year.
If you placed your Allister, Buckingham or Canterbury on the market, priced to current conditions, you could expect it to be under contract in a little less than a month. You could also expect a buyer to ask for an average of about 1/2% of the sales price in closing cost assistance.
The next Braemar Property Value Report will be out in July and will focus on homes sold inMay and June. Until then, when you are ready to sell your Braemar home, give me a call. No One Knows Braemar Better!
If you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group. While you’re there, start a conversation with your neighbors or maybe even help a lost pet find its way back home.
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using MRIS (Metropolitan Regional Information Systems.)
You can see the most recent property values in Braemar by clicking the links below:
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)
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)
Reflection Quarterly (single family homes attached at the garage only)