Braemar Property Value Report: May-June 2016 (Ryan Homes)
So much going on in Braemar real estate this week. You wouldn’t believe the amount of work that goes into to getting a home to close on time these days. I’ve already had two Braemar homes with delayed settlements and narrowly avoided a third late settlement this month. Perhaps the best news is that a Braemar Short Sale I’ve been working on since last February sold yesterday. As it happens, it was an Oberlin model by Ryan Homes.
Today I have the Braemar Property Value Report for Ryan Homes to tell you about. This one will detail sales of Ryan Homes in May and June.
There were three Ryan Homes sold, all of them in May. The high sold price was $538,477. The low sold price was $437,500. The average of all three gives us our new average market value of Ryan Homes in Braemar of $483,626. That’s nearly a 10% increase in average market value since last report and barely a measurable increase at all since this time last year.
If you placed your Ryan Home on the market, priced to current conditions in Braemar, you could expect it to be under contract in an average of about one week. You could also expect to pay an average of a little below 1.5% of the sales price in closoing cost help to the buyer.
The next Braemar Property Value Report will be out in 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 market analysis of your home’s value in today’s marketplace. 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