Braemar Property Value Report: November-December 2016 (Courtyard Series)
Ever wonder what the difference between the words mostly and mainly would be in a weather forecast? At this every moment, I am. Just checked Accuweather for the Bristow forecast. I’m trying to find the next sunny day so I can take a picture of my latest Braemar listing. It’s going to be mostly cloudy on Sunday and mainly cloudy on Monday. I’m thinking mostly means less than mainly, so I will be there with my camera tomorrow. And if the forecast is off completely, I’ll be there the next day too. Of course, cloudy days give a more even disbursement of light, making for good exterior shots, so the cloudier of the two may not be bad either. Either way, a great Braemar Listing Agent does what it takes to get the job done right, even if it means taking the exterior shot multiple times over a few days to get the best one.
Right now this Braemar Real Estate is bringing you the Braemar Property Value Report for Courtyard Series homes. 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.
The was only one sale of a Braemar Courtyard home in the last two months of 2016, which is our current reporting period. It was a Clarendon model with four bedrooms, three and a half bathrooms and a fully finished basement with no exit. It listed for $330,000 and sold for $343,500. That is lower that any sale last report or this time last year. If it weren’t a Short Sale, it would likely be used as a comparable sale for traditional equity sales going forward, until we had something better to use. For now, breathe a sigh of relief. If this had been a regular sale, it would have meant that values were down over 11.5% since last report and down nearly 6.5% since last year.
If you placed your Braemar Courtyard home on the market, using this sale as a measure, you could expect your home to be under contract in about a month and a half. You may not even have to give any closing cost help on behalf of the buyer.
The next Braemar Property Value Report will be out in March and will detail sales from January and February. 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.)