Braemar Property Value Report: September-October 2016 (Courtyard Series)
Leaving my Braemar home today it was a perfectly temperate afternoon. Temps were in the low seventies. By the time I got this evening, it was in the mid-forties. That’s quite a temperature swing when you aren’t prepared. A short sleeve t-shirt and lightweight jean jacket weren’t cutting it.
Now that I’m nice and toasty in my home office, I can give you the latest market information for Braemar Courtyard Series homes. If you aren’t familiar, with Braemar’s different home styles, Courtyard homes are one of three different floor plans that share a private courtyard driveway and have very limited outdoor spaces. Models include the Arlington, Clarendon and Ballston.
There were three Braemar Courtyard homes that sold between September and October. Two were Ballston models and one was an Arlington. The sold prices ranged from $371,500 to $399,990. The average of all three gives us our new average market value for Braemar Courtyard homes of $388,497. That’s less than a 1/2% decrease since last report and hardly a difference at all since last year. That is stability in Braemar Courtyard home prices.
If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in an average of forty-five days. You could also expect to give an average of 1.5% of the sales price in closing cost assistance for the buyer.
The next Braemar Property Value Report will be out in January and will detail sales from November and December. Until then, when you are ready to sell your Braemar home, give me a call for a free market analysis. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)