Braemar Property Value Report: March-April 2017 (Ryan Homes)
It is Memorial Day Weekend in Braemar and it makes me proud to see so many homes displaying the American flag. Some of our neighbors going the extra mile and putting miniature flags around the periemter of their front yard. What a nice touch, as we approach a day of remembrance for those military members who lost their lives in the line of duty to our country.
There isn’t much on the radar for this holiday weekend for this Braemar Real Estate Agent, except of course, keeping you informed about our Braemar real estate market. In this edition of the Braemar Property Value Report we will look at the Ryan Homes sales activity from March to April.
There was only one Ryan Home that sold in our sampling period. It was a Ravenwood model with two finished levels. It listed at $484,000 and sold for $490,000. It hit the market and was immediately under contract. The sellers also gave $10,000 in closing cost help (seller subsidy.)
When we put this sale in with our rolling six and twelve month data for Ryan Homes, we see that Ryan Home values are on the rise. The six month average sold price is quite a bit higher than the twelve month average sold price. The six month median sold price is also quite a bit higher than the twelve month median sold price. This is good news. Looking at other six month data points to twelve month data points, we see that marketing time is increasing, as is seller subsidy. These are not the figures you like to see increase.
If you placed your Ryan Home on market, priced to current conditions, you could reasonably expect it ot be under contract in about a month or forty days. You could also expect that a buyer will request closing cost assistance in the range of $7,500 to $8,200.
The next Braemar Property Value Report will be in July and will focus on sales from the month of May and June. Until then, when you want to know what your Braemar home is
worth, give me a call for a free market analysis. Selling Braemar homes is my specialty and I would love to be of assistance. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA