Braemar Property Value Report: November-December 2017 (Heritage Series)
Today certainly felt a lot warmer than it has been in Bristow. Funny when forty degrees feels balmy. Even still, our low overnight in Bristow will be in the teens tonight. Brrr. Another good reason to stay inside and do some reporting on Braemar real estate activity.
This particular edition of the Braemar Property Value Report covers sales activity in the Heritage Series homes during the months of November and December 2017. 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 were six Heritage home sales in the months of November and December. I was happy to have sold one of those (in purple type) and another that will be included in our next report. The details of those six sales are as follows:
Placing these sales in with our rolling six and twelve month sales in the Heritage Series, we find that values may have softened the slightest bit in the short term. Meanwhile, seller subsidy (closing cost help to the buyer), along with marketing time (DOM) have increased a bit in the short term.
If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in about a month or five weeks. You could also expect to pay a little more than 1% of the sales price in closing cost help to your buyer.
The next Braemar Property Value Report will be out in March. Until then, if you have been thinking of selling your Braemar home, give me a call. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®