Braemar Property Value Report: July-August 2016 (Ryan Homes)
Yesterday Braemar hosted its fall community yard sale. Seems every time one of these community yard sales rolls around, I have every intention to participate, but never seem to be able to pull it together. You won’t find me having a problem pulling Braemar Property Value Reports together. This particular report will detail sales of properties built by Ryan Homes for the months of July and August.
There were four Ryan Homes that sold in the last two months. Two of them were my listings, in a third I represented a buyer. The sold prices ranged from $427,500 to $479,000. Despite having one of my Ryan Home sales be a Short Sale with a really screwy auction that happened, dragging the value down, the lowest price was not one of the sales I was involved in. The average of all four sales gives us our new average market value of $457,963 for Ryan Homes. That’s a decrease of over 5% since last report, but more importantly, an increase of over 1% since last year. That is stability in prices if I have ever seen it.
If you placed your Ryan Home on the market, priced to current conditions, you could expect it to be under contract in about a month. You could also expect a buyer to ask for just about 1.5% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in November and will detail sales from the months of September and October. 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 Systems.)