Braemar Property Value Report: May-June 2016 (Carriage Series)
It sure was a hot one this Saturday. In fact, it was so hot that my chronically cold mother complained about the heat. That is unusual. This is a woman that wears three-quarter length sleeves and jeans on a ninety degree day and never feel hot. Then again, today did jump into three digit temperatures.
The Braemar real estate market has been pretty hot too. Right now, we will take a look back to the sales activty from the months of May and June in the Carriage Series homes in Braemar. Before we begin, let’s start with a definition of what homes are in the Carriage Series. Braemar Carriage homes are characterized by the lack of an attached garage. Rather, if they have a garage at all, it is detached and sits in back of the home. The floor plans, from smallest to largest, are: Maplewood, Norwood, Oakdale and Parkdale.
There were five Carriage home sales during this reporting period. Oddly enough, they all settled in May. Not one in June. We saw a nice variety of floor plans sell. All had a garage, though one had a modified one car garage that was really a motorcycle garage. The high sold price was $400,000 and shared by two closed deals. The low sold price wa $350,000. The average of all five sales give us our new average market value for Braemar Carriage homes of $378,580. That’s up over 3% since last report and up 2% since last year.
If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in an average of about two weeks. You could also expect to pay an average of over 1% of the sales price in closing cost help to the buyer.
The next Braemar Property Value Report will be out in September and will detail sales from July and August. Until then, when you are ready to sell your Braemar Carriage home, give me a call for a free market analysis. I’ve been a Braemar home owner and full-time Bristow Real Estate Agent since 2005. Getting your Braemar home sold for the maximum amount of money in the shortest period of time is what I do. 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.)