Braemar Property Value Report: January-February 2017 (Courtyard Series)

Braemar Property Value Report:  January-February 2017 (Courtyard Series)

Cloudy days can be the best days for a busy Bristow Real Estate Agent like myself to get paperwork done… and market reports.  Today I’m working on my Braemar Property Value Reports.  This one focuses on sales activity for Courtyard Series homes.  Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor space.  Models include the Arlington, Clarendon and Ballston.

There were two Braemar Courtyared home sales between January and February.  The lowest sales price was $399,900.  The highest sales price was $415,000. They were both Ballston models.  One seller gave $3,000 in closing cost help, the other gave $10,000.  Both of these sale prices are above the six month and twelve month median and average prices.

Even comparing the six month average and median sales prices to the twelve month numbers, we see very little change in the average sales price, but the median (or middle) sales price has gone up over $4,000 from the twelve month sales price to the six month sales price.  Closing cost assistance numbers also went down in the six month time frame compared to the larger twelve month time frame.  More good news.  Unfortunately, the six month marketing time figures are longer than the twelve month figures. That’s an indicator that it may be taking longer to sell a Braemar Courtyard home.  Though you should take heart that one of the sales from our recent reporting period only took thirty-one days, less most of the figures in our rolling six and twelve month figures.

If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect your home to be under contract in about a month and a half.  You could also expect to pay $4,000-$5,000 in closing cost help.

The next Braemar Property Value Report will be out in May and will bring in numbers from sales in March and April.  Until then, when you are ready to figure out if now is the time for you to sell, give me a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland

 Associate Broker-Licensed in VA

Long & Foster REALTORS®, Manassas VA


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