Braemar Property Value Report: March-April 2016 (Courtyard Series)
The sun is shining and the birds are chirping today in Braemar. What a pleasant day after so many gray and rainy days. And if you are a Braemar Courtyard home owner, your day will be made even more pleasant by this Braemar Property Value Report. If you don’t know what a Braemar Courtyard home is, it is one of three different floor plans that share a private courtyard driveway and have extremely small outdoor spaces. It is perfect for home owners who want a detached home, but not a large yard to maintain. Models include the Arlington, Clarendon and Ballston.
There were three Braemar Courtyard homes that sold between the months of March and April. Oddly enough, all of them were Ballston models. The low sold price was $363,000 and the high sold price was $405,000. Averaging all three sold prices, we get our new average market value for a Braemar Courtyard home of $386,000. That is nearly a 6% increase in value since last report and an 8% increase in average value since last year.
If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in a little less than two months. You could also expect to pay an average almost 2% of the sales price in closing cost help to the buyer.
The next Braemar Property Value Report will be out in July and will detail sales from May and June. Until then, when you are ready to sell your Braemar home, give me a 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 by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)