Braemar Property Value Report: May-June 2018 (Carriage Series)
What a gorgeous Friday it was in Bristow. I hope you enjoyed it because this weekend is going to rainy and stormy. In fact, I received a weather alert on my phone that the week of upcoming rain may result in some flooding in our area. Please be careful when driving in low lying areas.
Right now, it is time for another Braemar Property Value Report. This one focuses on the sales of Braemar Carriage homes during the months of May and June. 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 five Braemar Carriage homes that sold during the months of May and June. The details of the sales are below. I am very pleased to tell you that the sale of 10143 Broadsword Drive, highlighted in a magenta color, was my listing that set a record high sold price for Parkdale model homes in Braemar.
When we take these five sales and put them in with our rolling twelve months of Braemar Carriage home sales, here’s what we find when pull out our six month and twelve month average and median data points:
The six month average sold price is quite a bit higher than the twelve month average sold price. Meanwhile, the six month median sold price is a tad higher than the twelve month median. This means Braemar Carriage home values are going up.
When looking at seller subsidy (closing cost help to buyers) has decreased slightly in the six month values compared to the twelve month values. That’s a step in the right direction for Braemar Carriage home sellers. And marketing time is also down a little bit in the six month average and median values compared to the twelve month values. More movement in a good direction for Braemar Carriage home sellers.
If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in about two weeks or less. You could also expect to pay about 1% of the sales price in closing cost help.
The next Braemar Property Value Report will be out in September. Until then, it is very important to remember that the agent you hire to sell your Braemar Carriage home can mean a substantial difference in your sales price. If you want the best chance at getting the most from your Braemar homes sale, trust the agent that sets record high prices. Give me a call at 703-402-0037. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®