Braemar Property Value Report: September-October 2017 (Heritage Series)
Welcome to another edition of the Braemar Property Value Report. This one details sales of homes in the Heritage Series during the months of September and October. Before we get started, let’s specify what defines a Braemar Heritage Series home. Heritage homes are the mid-sized single family homes, built by Brookfield Homes. They have two car attached garages and include the following floor plans: Exeter, Yardley, Zachery (a.k.a. Zurich) & Waverly.
There was quite a bit of sales activity during the last two months in the Heritage Series. Here are the details of those sales.
You may notice that one of those sales is highlighted in purple. That is a home I listed and sold. It was the highest sold price of the reporting period. Also the lowest marketing time at two days on the market.
When we freshen up our rolling six and twelve month average and median values, here’s what we find:
The six month average and median sold prices are higher than their twelve month counterparts. That means Heritage home values are still pushing up. Unfortunately, seller subsidy (closing cost help) is a little higher too in the short term. Marketing time is stable short term compared to long term.
If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in two to three weeks, maybe a tad longer. (My two most recent Braemar Heritage home listings went under contract in eleven and nineteen days.) You could also expect to pay about $5,000 in seller subsidy.
The next Braemar Property Value Report will be out in the New Year. Until then, if you find yourself needing to list your property now, don’t panic. Call me! I work year round and LOVE the off spring market. And Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®