Braemar Property Value Report: March-April 2018 (Carriage Series)

Braemar Property Value Report: March-April 2018 (Carriage Series)

Feel like you’ve moved to the Pacific Northwest?  Me too.  Cloudy, drizzly day after cloudy, drizzly day in Bristow is making me a bit stir crazy.  The good news is that the lawns and flowers in Braemar are thriving.  Thank goodness I don’t have any listing waiting for exterior pictures this week.

Rainy days are great times to do my Braemar Property Value Report.  This one details sales of homes in the Carriage Series between March and April.   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 eight Braemar Carriage homes that sold between March 1st and April 30th. The details of each sale are listed below:

The one highlighted in bright pink was my own listing.  While it isn’t the highest sales price, it is significantly higher than previous Parkdales with unfinished basements with no exits have gotten in their sold prices.

When we take these eight sales and freshen up our rolling twelve month pool of Braemar Carriage home sales, here’s what we find:

The six month average and median sold prices are higher than the twelve month counterparts.  That means Braemar Carriage home values are still moving up.  How much higher can they go?  Well, I do have some insight with one of my current listings that will sell at the end of May for a record for high sales price in the neighborhood.  You’ll have to wait for that one.  Meanwhile, seller subsidy (closing cost assistance) is lower in the six month average and median compared to the twelve month average and median.  Short terms marketing time frames are faster than they are when you look at the long term marketing time numbers.

If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in a few days or a week and a half.  You could also expect to pay out about one percent of the sales price in closing cost help to your buyer.

The next Braemar Property Value Report will be out in July.  Until then, when you are ready to sell your Braemar Carriage home, give me a call to get the max the market will allow.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®



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