Braemar Reflection Series Quarterly: January-March 2016
The beginning of the year was filled with all kinds of real estate sales activity in Braemar. The spring selling season seemed to hit even before our last snow melted. This particular report will look back at the first quarter of sales for the Reflection Series homes. For those unaware, Reflection Series homes are located off of Tarvie Circle and are the semi-detached single family homes that are attached at the garage only. There were two floor plans offered byBrookfield Homes: Annan and Bromley.
Unlike the end of 2015 that saw only one sale, the beginning of 2016 saw two Reflection Series home sales in Braemar. The high sales price was $425,000 and the low was $420,000. The average of $422,500 is our new average market value for Reflection Series homes. This marks an 11% increase in value since last year. And because there were no sales this time last year, we have no comparison to last report.
If you placed your Braemar Reflection Series home on the market, priced to current conditions, you could expect it to be under contract in an average of just under one month. You could expect to pay a little toward the buyer’s closing costs.
The next Braemar Reflection Series Quarterly will be in July and will focus on activity during the second quarter of the 2016. Until then, when you are ready to sell your Braemar home, give me all call for a free market analysis. No One Knows Braemar Better!
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using MRIS (Metropolitan Regional Information Systems)