Braemar Property Value Report: September-October 2017 (NV Homes)
Did you make it to the Braemar Community Association Annual Meeting tonight? If you didn’t, you missed your chance for some free food, a raffle to win valuable prizes…and of course the opportunity to be involved with your neighborhood. As a Braemar Real Estate Agent, whenever I meet a new home owner in our neighborhood, I encourage them to get involved in our community HOA or a committee. Not too many takers, but that won’t stop me from trying.
Anyway, it is time for the Braemar Property Value Report that focuses on the sales of NV Homes in our neighborhood between September and October. Let me tell you, it is going to be a short report. That’s because, no NV Homes sold during those months.
All is not lost. When we drop the sales from September and October 2016, we get an updated look at our rolling six and twelve month values.
What we find in comparing the six month average and median sold prices to their twelve month counterparts is a mixed bag. The short term average sold price is up. The short term median sold price is down. Since the changes aren’t all that big, let’s call it stability in home values. Seller subsidy (closing cost assistance to buyers) is up in the short term. There was an NV Home sale in the mix there that gave an outrageous amount of closing cost help and that is certainly tainting the six month seller subsidy values. Best news is that marketing time is down, quite a bit in fact, in the six month average compared to the twelve month average.
The next Braemar Property Value Report will be out in the New Year. Until then, if you are wondering what the market value of your particular home is, give me a call. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®