Braemar Property Value Report: January-February (Carriage Series)

Braemar Property Value Report: January-February (Carriage Series)

Looks like we are in for a rainy St. Patrick’s Day.   As a top Braemar Real Estate Agent, I don’t care if it rains as long as there are still showings on my listings.  Rain isn’t going to keep serious buyers away.  As it stands, I think I have already seen four showings scheduled on my Braemar listings for St. Patrick’s Day.

Right now, it is my pleasure to tell you all about the latest in the Braemar real estate market as it pertains to Braemar Carriage homes.   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.

For only the third reporting period since I have been doing this report since May & June 2005, there were no sales of Braemar Carriage homes to report during our current reporting period of January & February 2018.  That doesn’t mean we don’t have updated values.  Dropping whatever sold from January & February 2017 and recalculating our six and twelve month values, we find that that Braemar Carriage home values are steady.  The six month values have changed only the slightest bit compared to the twelve month values.  What we do see is that there is some change in marketing time and seller subsidy.  Most notably, the median seller subsidy (closing cost assistance) is down $2,000 in the short term.  That’s good..  Unfortunately, the median marketing time has increased an entire week in the short term, compared the long term.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to take as long as two to three weeks to go under contract.  You could also expect to pay an average of less than 1.5% of the sales price in seller subsidy.

Do you know someone looking for a Braemar Carriage home?  I have two Parkdales on the market right now.  13802 Tartan Hills Parkway is a very affordable option at $429,000 and 10143 Broadsword Drive is loaded with upgrades at $475,000.

Otherwise, if you are looking to sell your Braemar Carriage home, give me a call.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®


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