Braemar Property Value Report: May-June 2015 (Ryan Homes)
If you haven’t yet had a chance to get out and enjoy either of the Braemar swimming pools, there are still a few weeks to get out and do that. With the escalating heat and humidity, it may be just the ticket for a hot summer August day.
Right now, it is time for another look at resale activity of houses in our neighborhood built by Ryan Homes. In this report, we will look at the months of May and June.
There were six Ryan Homes that sold between May and June. The low sold price was $$460,000 and the high sold price was $549,000. The average of all six gives us our new average market value for Ryan Homes in Braemar of $483,000. That mean over a 5% increase in value since last report and over a 7% increase in value since last year.
If you placed your Ryan 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 request an average of about 1.5% of the sales price in closing cost help.
The next Braemar Property Value Report will be out around late September and will detail sales from the months of July and August. In the meantime, when you are ready to sell, call me for a free CMA of your home’s value in today’s marketplace. No One Knows Braemar Better!
Come join my new neighborhood Facebook group–BRAEMAR (Bristow, VA) where you will find links to this reports and other neighborhood discussions.
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)