Braemar Property Value Report: March-April 2018 (Courtyard Series)
Another dreary day means another perfect opportunity to share the latest information on Braemar home values. Today’s Braemar Property Value Report will focus on Courtyard homes. Braemar Courtyard homes are one of three different floor plans that share a private courtyard driveway and have limited outdoor space. Models include the Arlington, Clarendon and Ballston.
There were two Braemar Courtyard homes that sold between March and April. The details of those sale are below:
Taking these two sales and adding them to the rolling twelve month pool of Braemar Courtyard home sale data, here is what we get:
First of all, the great news is that most recent sales at the top are both ABOVE the six and twelve month average and median sold prices. That is indicative that will we will be seeing an increase in values. Right now, comparing our six month average and median sold prices to the twelve month average and median sold prices we see hardly any movement. Where do see change is that the six month average and median seller subsidy (closing cost assistance to buyer) is up from the twelve month average and median seller subsidy. Not a trend future Braemar Courtyard home sellers like to see. Nor is the increase in marketing time in the six month values vs. the twelve month values.
If you placed your Braemar Courtyard home on the market, priced to current conditions, you could expect it to be under contract in about one month. You could also expect to pay three percent of the sales price in closing cost help.
The next Braemar Property Value Report will be out in July. Until then, if you want to know that the current market conditions mean to your home’s specific value, give me a call. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®