Braemar Property Value Report: May-June 2017 (Carriage Series)
Happy Monday! Did you know that Mondays are my favorite days of the week? That hasn’t always been the case. It wasn’t until I became a Bristow Real Estate Agent that I actually looked forward to the work week starting up again. Funny what happens when you find what you were always meant to do. For me, that’s sell homes. And my favorite homes to sell are those in our neighborhood of Braemar.
What first attracted my husband and I to Braemar was the curb appeal of the Carriage homes. I still remember vividly driving around Iona Sound Drive one evening in December when we were checking Braemar out. Felt like a Christmas tree village had come to life. Whenever it snows, I still feel that way about the Carriage homes. The curb appeal is unreal.
In this edition of the Braemar Property Value Report we are going to look back to Carriage home sales in the months of May and June. Braemar Carriage homes 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 three sales of Carriage homes in Braemar in the last two months. Their prices ranged from $389,900 to $415,000.
When we combine these most recent sales with our rolling six and twelve month values, we find the values are steady. The difference between the twelve month median and the lower six month median sold price might indicate softening values, but when you consider that seven of out of ten sales in the last six months were three bedroom Carriage homes, vs. a healthier mix of three and four bedrooms that is present in the twelve month value, there is absolutely no reason for concern.
If you placed your Braemar Carriage home on the market, priced to current conditions, you could expect it to be under contract in one to three weeks. You could also expect to pay about $4,500 to $5,500 in closing cost help to your buyer.
The next Braemar Property Value Report will be out in late September. Until then, if you want to know how these most recent sales have affected your specific home’s value, give me a call at 703-402-0037. That’s what I’m here for. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA