Braemar Property Value Report: May-June 2017 (Ryan Homes)
The kind of heat wave we are experiencing in Bristow is one that makes you not want to eat. Foods that normally favorites, like hamburgers, just sound too heavy. One of my favorites for weather like this is a watermelon and cucumber salad. Simply cut them both up, put in some of the juice from the watermelon, add salt and you have a light, refreshing salad. It lasts for days in the refrigerator too.
Just as none of us can do anything but wait through the summer heat, I can’t do anything but report Braemar home values to you in the Braemar Property Value Report. Selling Braemar homes is my specialty, but no matter the sale, it is always going to be subject to whatever the market conditions happen to be. So right now, let’s find out what the market conditions are for Ryan Homes in our neighborhood.
There were four Ryan homes that sold between May and June. Details below.
When we combine those sales with our rolling six and twelve month data pool, what we find is encouraging.
All but one of the Ryan homes sales were above the average and median values of the last six months. And even comparing the six month average and median sold prices to the respective twelve month values, we find that prices in the short term are higher. That means values are pushing up. Unfortunately, seller subsidy (closing cost assistance for buyers) has crept up a bit, but marketing time (DOM) has improved.
If you placed your Ryan home on the market, priced to current conditions, you could expect it to be under contract in about a week, or maybe a little longer than three weeks. You could also expect to pay about $6,000 in closing cost assistance to a buyer.
The next Braemar Property Value Report will be out in late September. Until then, if you want to know how these most recent sales affect your specific home’s value, give me a call at 703-402-0037. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA