Braemar Property Value Report: March-April 2016 (Heritage Series)
In the next few days we will be seeing more motorcycles in the area as the annual Memorial Day Weekend tradition of Rolling Thunder nears. Keep an eye out for motorcyclists when you are on the roads and keep a safe distance in traffic.
Before we head into the holiday weekend, let’s take this opportunity to go over the Braemar Property Value Report for Heritage Series homes in our neighborhood. 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 five Heritage Series homes that sold in March and April. The low sold price was $416,500. The high sold price was $519,500. The average of all five sales gives us our new average market values for Heritage Series homes of $453,200. That is up 4% since last report and up nearly 8% since last year.
If you placed your Braemar Heritage Series home on the market, priced to current conditions, you could expect that it would be under contract in an average of about a month and a half. That’s information from March and April. Already I am seeing with my own listings, these homes are hardly lasting two weeks right now. You could also expect to pay a little over 1.5% of the sales price in closing cost help to the buyer.
The next Braemar Property Value Report will be out in late July and will detail sales from the months of May and June. Until then, when you are ready to sell, give me and call and let’s talk about the value of your specific Braemar home. No One Knows Braemar Better!
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)