Braemar Property Value Report: March-April 2017 (NV Homes)
The sun is shining brightly in Bristow today, after countless days of cloud cover. That makes it a great day for me. Even the sight of a rat snake in the road on Native Rocks Drive didn’t get me. He’s needed some sun too. Unfortunately, I think he also got hit by a car, because he wasn’t moving.
Braemar’s real estate market certainly is moving. In this edition of the Braemar Property Value Report we are going to examine the sales activity of NV Homes between the months of March and April.
There were three NV Homes that sold between the beginning of March and end of April. Their sold prices ranged from $528,400 to $570,000. And as you can see, $570,000 was a sold price repeated twice.
When we take these sales and put them into our rolling six and twelve month values, we see that, while the average sold price for six months is a little bit lower than the twelve month average, the six month median value is a nice increase over the twelve month median. Other increases in the six month values vs. twelve month values are not as welcome–higher marketing time and increase in seller subsidy (closing cost assistance.)
If you placed your Braemar NV Home on the market, priced to current conditions, it may take about a month and a half to get under contract. These larger homes in Braemar aren’t getting snapped up quickly. Often times, the higher priced homes take longer to sell than townhouses or smaller single family homes. You may also find yourself paying around $7,400 to $9,500 in closing cost help.
The next Braemar Property Value Report will be out in July and will focus on sales between May and June. Until then, when you want to know what your own Braemar home is worth, give me a call at 703-402-0037 for a free market analysis. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA