Braemar Property Value Report: September-October 2016 (Arista Series)
We are well into November, the Presidential election is behind us and it is time to get back to business. Of course, a Braemar Real Estate Agent like me isn’t one to put work on hold. I’ve been busy getting my Braemar Property Value Reports together. This one will detail sales of homes in the Arista Series. Arista Series homes are the large single family homes built by Brookfield Homes. The floor plans are: Allister, Buckingham and Canterbury.
While I knew there were going to be at least a couple sales of Arista homes to report this edition, I was pleasantly surprised when my data collection revealed there were five sales. Their sold prices ranged from $445,000 to $600,000. Out of the five sales, three were Canterbury models and two were Allister models. The average of all five sold prices gives us our new average market value for Braemar Allister homes of $526,480. That’s an increase of nearly 6.5% since last report. Unfortunately, there is no comparison to last year since there were no sales in the months of September and October last year.
If you placed your Arista Series home on the market, priced to current conditions, you could expect it to be under contract in an average of sixty-five days. You could also expect to pay an average of a little more than 1% of the sales price in closing cost help for the buyer.
The next Braemar Property Value Report will be out in January and will detail sales information from November and December. Until then, when you are ready to sell your Braemar home, give me a call. No One Knows Braemar Better!
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using MRIS (Metropolitan Regional Information Systems.)
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