Braemar Property Value Report: March-April 2017 (Courtyard Series)
Most days I wake up and pay no attention the weather report. As I was getting ready to head to Wegman’s to put a few groceries, after placing a TOO LATE sign topper on a listing in Gainesville, I expected it to be sweltering. I’m not really sure why. I was pleasantly surprised to find it was in the low seventies on my thermostat. Of course, with all the cloud cover Bristow has had lately, I’m not sure why I expected sweltering. Maybe it’s because I’ve had my nose in the MLS looking at Braemar home sales during the months of March and April.
Today I am going to tell you about what’s happening with Braemar Courtyard home values. 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 Courtyard homes that sold between the beginning of March and end of April. The high sold price was $415,000, just $5,000 over the other sale. When you see the F/NE in basement, that means the basements were fully finished, but had no exit. Amazingly, they were both under contract in only four days. That’s unusual for Braemar Courtyard homes.
Both of these sold prices are at or above the six month and twelve month median and average figures. That’s a good sign for Braemar Courtyard home values. Even comparing the rolling six month average and median sold prices to the twelve month rolling values, we see that the more recent average and median figures are moving up from the yearly values.
If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in about a month’s time. I know what you’re thinking. I just told you these two most recent sales were under contract in four days. Yeah. I know. But the six month average and median marketing times are probably more realiable for you to set your expectations. You may also get away with not having to give any seller subsidy (closing cost assitance) to your buyer like these two sales as well, but you may get tapped for a little something like $2,600 or $3,000.
The next Braemar Property Value Report will be out in July and will detail sales from May and June. Until then, when you are ready to to sell, give me a call at 703-402-0037 for a free market analysis of your Braemar home’s value. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA