Braemar Property Value Report: May-June 2017 (Courtyard Series)
When it comes to writing Braemar Property Value Reports, perhaps the hardest part is coming up with the opening. Facts and figures are easy to discuss, but coming up with a snazzy open to a market report takes some inspiration. Having spent the last two days as the “crazy aunt” to two nieces, ages six and eight, I don’t think my brain is quite ready for work again. Of course, that could just be the abnormal amounts of sugar consumed while sharing meals with the nieces.
Let’s just kick this into gear and get to the good stuff, and that is telling you what is happening with Braemar Courtyard home values. 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.
During the months of May and June, there were two Courtyard homes that sold.
When we take these most recent sales and combine them with our rolling six and twelve month values, what we find is encouraging. The six month average and median sold prices are both over 3% higher than their respective twelve month counterparts. That means values are pushing up for Braemar Courtyard homes. And even better to see that six month seller subsidy and marketing time is also improved over the twelve month markers.
If you placed your Braemar Courtyard home on the market, priced to current conditions, you could reasonably expect it to be under contract in less than three weeks. Your buyer may or may not request some closing cost assistance.
The next Braemar Property Value Report will be out in late September. Until then, if you want to know how these most recent Courtyard home sales are affecting your specific home’s value, give me a call at 703-402-0037. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA