Braemar Property Value Report: September-October 2016 (Heritage Series)
Seems Mother Nature has whipped up some serious wind gusts in Bristow today. Guess that’s her way of getting the rest of these autumn leaves off of trees. High speed wind gusts always get my attention when I’m in my home. I know that houses are designed to have siding be flexible and the roof be able to handle the pressure of the winds, but the noise of it happening, particularly in my home office above the garage always gets me a little nervous. Nonetheless, here I sit in my home office, listening to those thuds as I type up this edition of the Braemar Property Value Report, focusing on sales of Heritage Series homes. Heritage Series homes are the mid-sized single family homes, built by Brookfield Homes, with two car attached garages including the following floor plans: Exeter, Yardley, Zachery & Waverly.
There were three Braemar Heritage homes that sold between the beginning of September and end of October. Two were Yardleys (the most popular floor plan in Braemar) and the other an Exeter. Their sold prices ranged from $435,000 to $480,000. Averaging all three we get our new average market value for a Braemar Heritage Series home of $457,000. That’s not quite a 1/2% increase in average value since last report, but it is over a 6% increase in average value since last year.
If you placed your Braemar Heritage home on the market, priced to current market conditions, you could expect it to be under contract in an average of just over two months. You could also expect to pay nearly 1.5% 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 from the months of November and December. Until then, when you are ready to sell, give me and call and let’s talk about the specific value of your Braemar home. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)