Braemar Property Value Report: September-October 2017 (Carriage Series)

Braemar Property Value Report: September-October 2017 (Carriage Series)

The holiday decorations are popping up all over Braemar.  This is my favorite time of the year in Braemar.  Of course, this is the time of year my husband I fell in love with Braemar.  We were checking out the neighborhood one holiday night and were driving around Iona Sound.  The Carriage homes felt like homes you would find under a Christmas tree.  Still feel the same way today.  I love the Braemar Carriage homes.

This edition of the Braemar Property Value Report focuses on the sales of Carriage homes during the months of September and October.  In case you don’t know what defines a Braemar Carriage home, they are characterized by the lack of an attached garage. When these homes have a garage, it is detached and sits in back of the home.  The floor plans, from smallest to largest, are: Maplewood,  Norwood,  Oakdale and  Parkdale.

There were three Braemar Carriage homes that sold during our reporting period.  The details for these three sales are below.

When we take these sales and put them into our rolling six and twelve month values, what we find is this:

The short term sold prices are higher than the long term sold prices.  That means values for Braemar Carriage homes are still increasing!   Closing costs are a little higher in the short term, and unfortunately, so is marketing time.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in about three weeks time.  You could also expect to pay about $5,000 in closing cost help to your buyer.

The next Braemar Property Value Report will be out in the new year.  Until then, when you are ready to sell your Braemar Carriage home, give me a call for a listing agent that is as knowledgeable as she is passionate about your home and the neighborhood.   Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®


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