Braemar Property Value Report: November-December 2016 (Ryan Homes)
With all the real estate activity I am seeing, it feels like spring. The only problem we are experiencing is a lack of inventory to accommodate the buyers looking to make Braemar their home. Maybe you are about to read this Braemar Property Value Report with the thought that if the numbers were right, this may be the year you sell. If so, call me and I’ll get a much more specific market analysis together for you. For now, these are some very general numbers showing what happening in single family homes, built by Ryan Homes in Braemar. The sales period we are looking back at is November and December 2016.
There were two Ryan Homes that sold the last two months of 2016. The high sold price was $476,000 and was a Ravenwood with five bedrooms, three and a half bathrooms and fully finished walk out basement. The low sold price was a Dunkirk model that sold for $425,000. It had four bedrooms, three and a half bathrooms and a fully finished walk up basement. The average of these two sales give us our new average market value for Ryan Homes in Braemar of $450,500. That’s a increase of nearly 5.5% since last report, but a decrease of over 4% since last year. Of course, there are still larger Ryan Homes in the neighborhood than are represented by these two floor plans that sold, so please bear that in mind.
If you placed you Ryan Home on the market, priced to current conditions, you could expect it to be under contract in a little over five weeks. You could also expect to give about 1% of the sales price in closing cost help for the buyer.
The next Braemar Property Value Report will be out in March and will detail sales from the months of January and February. 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. 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.)